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	$267,247	$267,247	$521,100
Remaining term (yrs)	21.7	21.7	30.0
Secondary amount	$0	$253,853	$0
Funding fee	$0	$0	$0
Note rate	4.57%	4.57%	7.24%
Blended rate	5.42%	6.555%	7.48%
1st payment	$1,613.95	$1,613.95	$3,551.29
2nd payment	$0.00	$1,639.47	$0.00
Taxes / mo	$311.83	$311.83	$311.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$223.79	$223.79	$104.22
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,316.24	$3,955.70	$4,134.01
Cash to close	$311,753	$57,900	$57,900