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	$324,798	$324,798	$427,500
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$102,702	$0
Funding fee	$0	$0	$0
Note rate	4.17%	4.17%	7.24%
Blended rate	5.02%	5.736%	7.48%
1st payment	$2,083.07	$2,083.07	$2,913.40
2nd payment	$0.00	$684.68	$0.00
Taxes / mo	$170.25	$170.25	$170.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$302.81	$302.81	$85.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,722.80	$3,407.48	$3,335.82
Cash to close	$150,202	$47,500	$47,500