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	$183,652	$183,652	$741,600
Remaining term (yrs)	11.7	11.7	30.0
Secondary amount	$0	$557,948	$0
Funding fee	$0	$0	$0
Note rate	2.72%	2.72%	7.24%
Blended rate	3.57%	6.715%	7.48%
1st payment	$1,514.06	$1,514.06	$5,053.99
2nd payment	$0.00	$3,603.41	$0.00
Taxes / mo	$446.50	$446.50	$446.50
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$233.26	$233.26	$148.32
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,410.49	$6,013.90	$5,865.48
Cash to close	$640,348	$82,400	$82,400