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$346,494$346,494$427,476
Remaining term (yrs)23.723.730.0
Secondary amount$0$80,982$0
Funding fee$0$0$0
Note rate3%3%7.24%
Blended rate3.85%4.826%7.48%
1st payment$1,697.26$1,697.26$2,913.24
2nd payment$0.00$607.36$0.00
Taxes / mo$280.92$280.92$280.92
Insurance / mo$166.67$166.67$166.67
MI / mo$285.16$285.16$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,430.00$3,037.37$3,446.32
Cash to close$128,479$47,497$47,497