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	$212,321	$212,321	$359,100
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$146,779	$0
Funding fee	$0	$0	$0
Note rate	3.06%	3.06%	7.24%
Blended rate	3.91%	5.582%	7.48%
1st payment	$1,018.02	$1,018.02	$2,447.26
2nd payment	$0.00	$978.53	$0.00
Taxes / mo	$116.92	$116.92	$116.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$169.73	$169.73	$71.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,454.67	$2,433.20	$2,786.00
Cash to close	$186,679	$39,900	$39,900