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$388,525$388,525$405,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$38,975$0
Funding fee$0$0$0
Note rate5.3%5.3%7.24%
Blended rate6.15%6.672%7.48%
1st payment$2,303.60$2,303.60$2,760.07
2nd payment$0.00$385.69$0.00
Taxes / mo$213.92$213.92$213.92
Insurance / mo$150.00$150.00$150.00
MI / mo$293.84$293.84$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,961.36$3,347.05$3,204.98
Cash to close$61,475$22,500$45,000