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$220,500$220,500$350,999
Remaining term (yrs)23.023.030.0
Secondary amount$0$130,499$0
Funding fee$0$0$0
Note rate3.73%3.73%7.24%
Blended rate4.58%5.852%7.48%
1st payment$1,188.47$1,188.47$2,392.05
2nd payment$0.00$869.99$0.00
Taxes / mo$195.58$195.58$195.58
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,716.27$2,586.26$2,807.84
Cash to close$169,499$39,000$39,000