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$298,093$298,093$495,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$196,907$0
Funding fee$0$0$0
Note rate3.125%3.125%7.24%
Blended rate3.675%5.395%7.48%
1st payment$1,337.30$1,337.30$3,373.42
2nd payment$0.00$1,312.71$0.00
Taxes / mo$277.67$277.67$277.67
Insurance / mo$166.67$166.67$166.67
MI / mo$143.08$143.08$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,924.71$3,237.43$3,916.75
Cash to close$251,907$55,000$55,000