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	$452,126	$452,126	$742,500
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$290,374	$0
Funding fee	$0	$0	$0
Note rate	2.9%	2.9%	7.24%
Blended rate	3.75%	5.314%	7.48%
1st payment	$2,191.45	$2,191.45	$5,060.12
2nd payment	$0.00	$1,875.33	$0.00
Taxes / mo	$660.50	$660.50	$660.50
Insurance / mo	$0.00	$0.00	$0.00
MI / mo	$372.94	$372.94	$148.50
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$3,324.89	$5,200.22	$5,969.12
Cash to close	$372,874	$82,500	$82,500