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$193,894$193,894$346,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$152,606$0
Funding fee$0$0$0
Note rate3.45%3.45%7.24%
Blended rate4.3%5.93%7.48%
1st payment$1,119.53$1,119.53$2,361.39
2nd payment$0.00$1,017.37$0.00
Taxes / mo$179.75$179.75$179.75
Insurance / mo$150.00$150.00$150.00
MI / mo$177.70$177.70$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.98$2,644.36$2,760.44
Cash to close$191,106$38,500$38,500