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$216,690$216,690$337,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$120,810$0
Funding fee$0$0$0
Note rate3.07%3.07%7.24%
Blended rate3.92%5.38%7.48%
1st payment$1,069.27$1,069.27$2,300.06
2nd payment$0.00$805.40$0.00
Taxes / mo$166.42$166.42$166.42
Insurance / mo$150.00$150.00$150.00
MI / mo$178.05$178.05$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,563.74$2,369.14$2,683.97
Cash to close$158,310$37,500$37,500