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$361,414$361,414$396,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$34,586$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%4.181%7.48%
1st payment$1,689.53$1,689.53$2,698.73
2nd payment$0.00$259.40$0.00
Taxes / mo$289.75$289.75$289.75
Insurance / mo$150.00$150.00$150.00
MI / mo$288.63$288.63$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,417.91$2,677.31$3,217.68
Cash to close$78,586$44,000$44,000