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$278,903$278,903$373,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$94,597$0
Funding fee$0$0$0
Note rate2.81%2.81%7.24%
Blended rate3.66%5.012%7.48%
1st payment$1,326.04$1,326.04$2,545.40
2nd payment$0.00$709.48$0.00
Taxes / mo$282.67$282.67$282.67
Insurance / mo$150.00$150.00$150.00
MI / mo$228.30$228.30$74.70
HOA / mo$6.00$6.00$6.00
Total monthly$1,993.01$2,702.49$3,058.76
Cash to close$136,097$41,500$41,500