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$385,050$385,050$521,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$136,050$0
Funding fee$0$0$0
Note rate2.95%2.95%7.24%
Blended rate3.8%4.897%7.48%
1st payment$1,828.37$1,828.37$3,551.29
2nd payment$0.00$907.00$0.00
Taxes / mo$255.42$255.42$255.42
Insurance / mo$166.67$166.67$166.67
MI / mo$309.16$309.16$104.22
HOA / mo$25.00$25.00$25.00
Total monthly$2,584.61$3,491.61$4,102.59
Cash to close$193,950$57,900$57,900