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$105,254$105,254$252,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$146,746$0
Funding fee$0$0$0
Note rate3.71%3.71%7.24%
Blended rate4.56%6.563%7.48%
1st payment$630.79$630.79$1,717.38
2nd payment$0.00$978.31$0.00
Taxes / mo$199.17$199.17$199.17
Insurance / mo$150.00$150.00$150.00
MI / mo$96.95$96.95$50.40
HOA / mo$400.00$400.00$400.00
Total monthly$1,476.91$2,455.21$2,516.94
Cash to close$174,746$28,000$28,000