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	$75,979	$75,979	$274,500
Remaining term (yrs)	12.8	12.8	30.0
Secondary amount	$0	$198,521	$0
Funding fee	$0	$0	$0
Note rate	5%	5%	7.24%
Blended rate	5.85%	7.405%	7.48%
1st payment	$666.38	$666.38	$1,870.71
2nd payment	$0.00	$1,323.47	$0.00
Taxes / mo	$82.42	$82.42	$82.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$87.93	$87.93	$54.90
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$986.73	$2,310.20	$2,158.03
Cash to close	$229,021	$30,500	$30,500