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	$103,551	$103,551	$170,910
Remaining term (yrs)	21.2	21.2	30.0
Secondary amount	$0	$67,359	$0
Funding fee	$0	$0	$0
Note rate	3.92%	3.92%	7.24%
Blended rate	4.77%	6.437%	7.48%
1st payment	$599.06	$599.06	$1,164.75
2nd payment	$0.00	$505.19	$0.00
Taxes / mo	$91.42	$91.42	$91.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$89.75	$89.75	$34.18
HOA / mo	$611.00	$611.00	$611.00
Total monthly	$1,541.22	$2,046.41	$2,051.35
Cash to close	$86,349	$18,990	$18,990