HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$278,060$225,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.25%7.24%
Blended rate6.1%7.48%
1st payment$1,642.87$1,533.37
2nd payment$0.00$0.00
Taxes / mo$126.92$126.92
Insurance / mo$150.00$150.00
MI / mo$210.74$45.00
HOA / mo$500.00$500.00
Total monthly$2,630.52$2,355.29
Cash to close$0$25,000