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	$181,213	$181,213	$301,491
Remaining term (yrs)	23.3	23.3	30.0
Secondary amount	$0	$120,278	$0
Funding fee	$0	$0	$0
Note rate	3.29%	3.29%	7.24%
Blended rate	4.14%	5.68%	7.48%
1st payment	$925.72	$925.72	$2,054.66
2nd payment	$0.00	$801.86	$0.00
Taxes / mo	$170.33	$170.33	$170.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$149.91	$149.91	$60.30
HOA / mo	$334.00	$334.00	$334.00
Total monthly	$1,729.97	$2,531.82	$2,769.29
Cash to close	$153,777	$33,499	$33,499