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$411,104$411,104$427,500
Remaining term (yrs)36.936.930.0
Secondary amount$0$40,146$0
Funding fee$0$0$0
Note rate7.09%7.09%7.24%
Blended rate7.64%8.017%7.48%
1st payment$2,620.57$2,620.57$2,913.40
2nd payment$0.00$397.28$0.00
Taxes / mo$216.00$216.00$216.00
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,194.50$3,591.78$3,381.57
Cash to close$63,896$23,750$47,500