Tony English | HQ Homes

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	$262,453	$262,453	$405,000
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$142,547	$0
Funding fee	$0	$0	$0
Note rate	3.8%	3.8%	7.24%
Blended rate	4.65%	5.829%	7.48%
1st payment	$1,434.18	$1,434.18	$2,760.07
2nd payment	$0.00	$950.31	$0.00
Taxes / mo	$227.58	$227.58	$227.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$218.02	$218.02	$81.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,029.79	$2,980.10	$3,218.65
Cash to close	$187,547	$45,000	$45,000