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	$150,911	$150,911	$314,999
Remaining term (yrs)	20.2	20.2	30.0
Secondary amount	$0	$164,088	$0
Funding fee	$0	$0	$0
Note rate	3.77%	3.77%	7.24%
Blended rate	4.62%	6.381%	7.48%
1st payment	$888.89	$888.89	$2,146.71
2nd payment	$0.00	$1,093.92	$0.00
Taxes / mo	$166.67	$166.67	$166.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$135.62	$135.62	$63.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,341.18	$2,435.10	$2,526.38
Cash to close	$199,088	$35,000	$35,000