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	$75,962	$75,962	$277,200
Remaining term (yrs)	12.6	12.6	30.0
Secondary amount	$0	$201,238	$0
Funding fee	$0	$0	$0
Note rate	5%	5%	7.24%
Blended rate	5.85%	7.229%	7.48%
1st payment	$675.61	$675.61	$1,889.11
2nd payment	$0.00	$1,299.66	$0.00
Taxes / mo	$177.17	$177.17	$177.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$89.15	$89.15	$55.44
HOA / mo	$332.00	$332.00	$332.00
Total monthly	$1,423.92	$2,723.58	$2,603.72
Cash to close	$232,038	$30,800	$30,800