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	$196,849	$196,849	$404,100
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$207,251	$0
Funding fee	$0	$0	$0
Note rate	3.98%	3.98%	7.24%
Blended rate	4.83%	6.328%	7.48%
1st payment	$1,239.24	$1,239.24	$2,753.93
2nd payment	$0.00	$1,338.50	$0.00
Taxes / mo	$122.42	$122.42	$122.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$184.31	$184.31	$80.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,695.96	$3,034.46	$3,107.17
Cash to close	$252,151	$44,900	$44,900