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$107,855$107,855$450,000
Remaining term (yrs)13.213.230.0
Secondary amount$0$342,145$0
Funding fee$0$0$0
Note rate5.05%5.05%7.24%
Blended rate5.9%7.307%7.48%
1st payment$927.68$927.68$3,066.74
2nd payment$0.00$2,209.69$0.00
Taxes / mo$208.67$208.67$208.67
Insurance / mo$166.67$166.67$166.67
MI / mo$121.71$121.71$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,424.72$3,634.41$3,532.07
Cash to close$392,145$50,000$50,000