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$6,802$6,802$211,500
Remaining term (yrs)21.221.230.0
Secondary amount$0$204,698$0
Funding fee$0$0$0
Note rate7.29%7.29%7.24%
Blended rate7.84%7.753%7.48%
1st payment$52.45$52.45$1,441.37
2nd payment$0.00$1,322.01$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$150.00$150.00$150.00
MI / mo$3.27$3.27$42.30
HOA / mo$415.00$415.00$415.00
Total monthly$787.55$2,109.56$2,215.50
Cash to close$228,198$23,500$23,500