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	$224,609	$224,609	$333,000
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$108,391	$0
Funding fee	$0	$0	$0
Note rate	3.23%	3.23%	7.24%
Blended rate	4.08%	5.356%	7.48%
1st payment	$1,129.67	$1,129.67	$2,269.39
2nd payment	$0.00	$722.60	$0.00
Taxes / mo	$133.58	$133.58	$133.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$184.33	$184.33	$66.60
HOA / mo	$481.00	$481.00	$481.00
Total monthly	$2,078.59	$2,801.19	$3,100.57
Cash to close	$145,391	$37,000	$37,000