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	$171,533	$171,533	$323,910
Remaining term (yrs)	21.1	21.1	30.0
Secondary amount	$0	$152,377	$0
Funding fee	$0	$0	$0
Note rate	3.81%	3.81%	7.24%
Blended rate	4.66%	6.231%	7.48%
1st payment	$984.86	$984.86	$2,207.44
2nd payment	$0.00	$1,015.85	$0.00
Taxes / mo	$144.50	$144.50	$144.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$149.53	$149.53	$64.78
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,428.89	$2,444.74	$2,566.72
Cash to close	$188,367	$35,990	$35,990