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$276,349$276,349$351,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$74,651$0
Funding fee$0$0$0
Note rate2.8%2.8%7.24%
Blended rate3.65%4.788%7.48%
1st payment$1,312.49$1,312.49$2,392.06
2nd payment$0.00$559.88$0.00
Taxes / mo$296.00$296.00$296.00
Insurance / mo$150.00$150.00$150.00
MI / mo$226.26$226.26$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,984.75$2,544.63$2,908.26
Cash to close$113,651$39,000$39,000