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	$315,612	$315,612	$503,910
Remaining term (yrs)	20.3	20.3	30.0
Secondary amount	$0	$188,298	$0
Funding fee	$0	$0	$0
Note rate	4.2%	4.2%	7.24%
Blended rate	5.05%	6.152%	7.48%
1st payment	$1,920.64	$1,920.64	$3,434.14
2nd payment	$0.00	$1,255.32	$0.00
Taxes / mo	$253.83	$253.83	$253.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$278.20	$278.20	$100.78
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,619.34	$3,874.66	$3,955.42
Cash to close	$244,288	$55,990	$55,990