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$294,231$294,231$450,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$155,769$0
Funding fee$0$0$0
Note rate3.1%3.1%7.24%
Blended rate3.95%5.352%7.48%
1st payment$1,426.48$1,426.48$3,066.74
2nd payment$0.00$1,038.46$0.00
Taxes / mo$281.50$281.50$281.50
Insurance / mo$166.67$166.67$166.67
MI / mo$236.62$236.62$90.00
HOA / mo$57.00$57.00$57.00
Total monthly$2,168.27$3,206.73$3,661.91
Cash to close$205,769$50,000$50,000