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	$246,934	$246,934	$297,000
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$50,066	$0
Funding fee	$0	$0	$0
Note rate	3.45%	3.45%	7.24%
Blended rate	4.3%	5.092%	7.48%
1st payment	$1,216.90	$1,216.90	$2,024.05
2nd payment	$0.00	$375.50	$0.00
Taxes / mo	$182.92	$182.92	$182.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$193.16	$193.16	$59.40
HOA / mo	$360.00	$360.00	$360.00
Total monthly	$2,102.97	$2,478.47	$2,776.37
Cash to close	$83,066	$33,000	$33,000