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	$529,558	$529,558	$571,500
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$41,942	$0
Funding fee	$0	$0	$0
Note rate	6.27%	6.27%	7.24%
Blended rate	6.82%	6.98%	7.48%
1st payment	$3,423.01	$3,423.01	$3,894.76
2nd payment	$0.00	$314.56	$0.00
Taxes / mo	$103.92	$103.92	$103.92
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$254.27	$254.27	$114.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,947.86	$4,262.42	$4,279.65
Cash to close	$105,442	$63,500	$63,500