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	$320,580	$320,580	$341,100
Remaining term (yrs)	27.5	27.5	30.0
Secondary amount	$0	$39,470	$0
Funding fee	$0	$0	$0
Note rate	7.09%	7.09%	7.24%
Blended rate	7.64%	8.104%	7.48%
1st payment	$2,208.31	$2,208.31	$2,324.59
2nd payment	$0.00	$390.59	$0.00
Taxes / mo	$42.32	$42.32	$42.32
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$150.76	$150.76	$68.22
HOA / mo	$80.83	$80.83	$80.83
Total monthly	$2,632.22	$3,022.81	$2,665.96
Cash to close	$58,420	$18,950	$37,900