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	$112,666	$112,666	$279,000
Remaining term (yrs)	19.5	19.5	30.0
Secondary amount	$0	$166,334	$0
Funding fee	$0	$0	$0
Note rate	2.39%	2.39%	7.24%
Blended rate	3.24%	6.078%	7.48%
1st payment	$600.82	$600.82	$1,901.38
2nd payment	$0.00	$1,108.89	$0.00
Taxes / mo	$103.33	$103.33	$103.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$96.05	$96.05	$55.80
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$950.20	$2,059.09	$2,210.51
Cash to close	$197,334	$31,000	$31,000