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	$375,026	$375,026	$490,500
Remaining term (yrs)	24.6	24.6	30.0
Secondary amount	$0	$115,474	$0
Funding fee	$0	$0	$0
Note rate	3.06%	3.06%	7.24%
Blended rate	3.91%	4.873%	7.48%
1st payment	$1,806.27	$1,806.27	$3,342.75
2nd payment	$0.00	$769.83	$0.00
Taxes / mo	$42.83	$42.83	$42.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$301.15	$301.15	$98.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,316.92	$3,086.75	$3,650.35
Cash to close	$169,974	$54,500	$54,500