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	$154,641	$154,641	$364,500
Remaining term (yrs)	18.9	18.9	30.0
Secondary amount	$0	$209,859	$0
Funding fee	$0	$0	$0
Note rate	3.91%	3.91%	7.24%
Blended rate	4.76%	6.481%	7.48%
1st payment	$962.15	$962.15	$2,484.06
2nd payment	$0.00	$1,355.34	$0.00
Taxes / mo	$189.42	$189.42	$189.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$144.32	$144.32	$72.90
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,445.88	$2,801.22	$2,896.38
Cash to close	$250,359	$40,500	$40,500