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	$317,682	$317,682	$504,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$186,318	$0
Funding fee	$0	$0	$0
Note rate	2.68%	2.68%	7.24%
Blended rate	3.53%	5.182%	7.48%
1st payment	$1,478.57	$1,478.57	$3,434.75
2nd payment	$0.00	$1,242.12	$0.00
Taxes / mo	$492.25	$492.25	$492.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$258.89	$258.89	$100.80
HOA / mo	$95.00	$95.00	$95.00
Total monthly	$2,491.37	$3,733.49	$4,289.47
Cash to close	$242,318	$56,000	$56,000