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	$254,631	$254,631	$1,012,500
Remaining term (yrs)	13.2	13.2	30.0
Secondary amount	$0	$757,869	$0
Funding fee	$0	$0	$0
Note rate	4.88%	4.88%	7.24%
Blended rate	5.73%	7.242%	7.48%
1st payment	$2,168.07	$2,168.07	$6,900.17
2nd payment	$0.00	$4,894.57	$0.00
Taxes / mo	$581.33	$581.33	$581.33
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$290.02	$290.02	$202.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,256.09	$8,150.67	$7,900.67
Cash to close	$870,369	$112,500	$112,500