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	$235,683	$235,683	$400,500
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$164,817	$0
Funding fee	$0	$0	$0
Note rate	3.06%	3.06%	7.24%
Blended rate	3.91%	5.593%	7.48%
1st payment	$1,132.58	$1,132.58	$2,729.40
2nd payment	$0.00	$1,098.78	$0.00
Taxes / mo	$361.00	$361.00	$361.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$188.83	$188.83	$80.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,832.41	$2,931.19	$3,320.50
Cash to close	$209,317	$44,500	$44,500