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$270,008$270,008$292,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$38,742$0
Funding fee$0$0$0
Note rate7.1%7.1%7.24%
Blended rate7.65%8.18%7.48%
1st payment$1,859.92$1,859.92$1,993.38
2nd payment$0.00$383.38$0.00
Taxes / mo$155.50$155.50$155.50
Insurance / mo$150.00$150.00$150.00
MI / mo$126.85$126.85$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,292.26$2,675.64$2,357.38
Cash to close$54,992$16,250$32,500