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	$167,184	$167,184	$423,000
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$255,816	$0
Funding fee	$0	$0	$0
Note rate	3.67%	3.67%	7.24%
Blended rate	4.52%	6.473%	7.48%
1st payment	$1,028.88	$1,028.88	$2,882.74
2nd payment	$0.00	$1,652.14	$0.00
Taxes / mo	$344.58	$344.58	$344.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$158.92	$158.92	$84.60
HOA / mo	$33.00	$33.00	$33.00
Total monthly	$1,732.05	$3,384.19	$3,511.59
Cash to close	$302,816	$47,000	$47,000