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	$66,210	$66,210	$517,500
Remaining term (yrs)	7.1	7.1	30.0
Secondary amount	$0	$451,290	$0
Funding fee	$0	$0	$0
Note rate	4%	4%	7.24%
Blended rate	4.85%	7.379%	7.48%
1st payment	$886.78	$886.78	$3,526.75
2nd payment	$0.00	$2,914.58	$0.00
Taxes / mo	$328.00	$328.00	$328.00
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$131.57	$131.57	$103.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,513.01	$4,427.59	$4,124.92
Cash to close	$508,790	$57,500	$57,500