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	$178,124	$178,124	$342,000
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$163,876	$0
Funding fee	$0	$0	$0
Note rate	4.01%	4.01%	7.24%
Blended rate	4.86%	6.365%	7.48%
1st payment	$1,054.90	$1,054.90	$2,330.72
2nd payment	$0.00	$1,092.51	$0.00
Taxes / mo	$212.25	$212.25	$212.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$156.33	$156.33	$68.40
HOA / mo	$418.00	$418.00	$418.00
Total monthly	$1,991.48	$3,083.99	$3,179.37
Cash to close	$201,876	$38,000	$38,000