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$141,820$141,820$210,600
Remaining term (yrs)25.725.730.0
Secondary amount$0$68,780$0
Funding fee$0$0$0
Note rate5.81%5.81%7.24%
Blended rate6.66%7.424%7.48%
1st payment$884.55$884.55$1,435.24
2nd payment$0.00$515.85$0.00
Taxes / mo$82.00$82.00$82.00
Insurance / mo$150.00$150.00$150.00
MI / mo$106.67$106.67$42.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,223.22$1,739.07$1,709.36
Cash to close$92,180$23,400$23,400