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	$112,159	$112,159	$175,500
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$63,341	$0
Funding fee	$0	$0	$0
Note rate	3.19%	3.19%	7.24%
Blended rate	4.04%	5.83%	7.48%
1st payment	$660.84	$660.84	$1,196.03
2nd payment	$0.00	$475.05	$0.00
Taxes / mo	$80.25	$80.25	$80.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$108.38	$108.38	$35.10
HOA / mo	$430.00	$430.00	$430.00
Total monthly	$1,429.46	$1,904.52	$1,891.38
Cash to close	$82,841	$19,500	$19,500