HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$235,994$235,994$391,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$155,506$0
Funding fee$0$0$0
Note rate2.97%2.97%7.24%
Blended rate3.82%5.48%7.48%
1st payment$1,190.16$1,190.16$2,668.07
2nd payment$0.00$1,036.71$0.00
Taxes / mo$242.75$242.75$242.75
Insurance / mo$150.00$150.00$150.00
MI / mo$192.18$192.18$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,775.08$2,811.79$3,139.12
Cash to close$199,006$43,500$43,500