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	$150,538	$150,538	$450,000
Remaining term (yrs)	16.7	16.7	30.0
Secondary amount	$0	$299,462	$0
Funding fee	$0	$0	$0
Note rate	4.07%	4.07%	7.24%
Blended rate	4.92%	6.803%	7.48%
1st payment	$1,030.67	$1,030.67	$3,066.74
2nd payment	$0.00	$1,934.02	$0.00
Taxes / mo	$244.58	$244.58	$244.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$151.63	$151.63	$90.00
HOA / mo	$435.00	$435.00	$435.00
Total monthly	$2,028.55	$3,962.57	$4,002.99
Cash to close	$349,462	$50,000	$50,000