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$306,443$306,443$450,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$143,557$0
Funding fee$0$0$0
Note rate2.8%2.8%7.24%
Blended rate3.65%5.038%7.48%
1st payment$1,424.80$1,424.80$3,066.74
2nd payment$0.00$957.04$0.00
Taxes / mo$226.42$226.42$226.42
Insurance / mo$166.67$166.67$166.67
MI / mo$245.62$245.62$90.00
HOA / mo$70.00$70.00$70.00
Total monthly$2,133.50$3,090.54$3,619.82
Cash to close$193,557$50,000$50,000