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	$174,219	$174,219	$535,410
Remaining term (yrs)	12.5	12.5	30.0
Secondary amount	$0	$361,191	$0
Funding fee	$0	$0	$0
Note rate	5%	5%	7.24%
Blended rate	5.85%	7.132%	7.48%
1st payment	$1,556.86	$1,556.86	$3,648.81
2nd payment	$0.00	$2,332.69	$0.00
Taxes / mo	$383.92	$383.92	$383.92
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$205.43	$205.43	$107.08
HOA / mo	$74.00	$74.00	$74.00
Total monthly	$2,386.87	$4,719.56	$4,380.47
Cash to close	$420,681	$59,490	$59,490