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	$198,426	$198,426	$216,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$29,574	$0
Funding fee	$0	$0	$0
Note rate	2.68%	2.68%	7.24%
Blended rate	3.53%	4.612%	7.48%
1st payment	$923.52	$923.52	$1,472.04
2nd payment	$0.00	$292.66	$0.00
Taxes / mo	$107.17	$107.17	$107.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$161.70	$161.70	$43.20
HOA / mo	$200.00	$200.00	$200.00
Total monthly	$1,542.39	$1,835.05	$1,972.40
Cash to close	$41,574	$12,000	$24,000