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	$224,153	$224,153	$370,224
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$146,071	$0
Funding fee	$0	$0	$0
Note rate	4.05%	4.05%	7.24%
Blended rate	4.9%	6.123%	7.48%
1st payment	$1,332.27	$1,332.27	$2,523.07
2nd payment	$0.00	$973.80	$0.00
Taxes / mo	$149.42	$149.42	$149.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$196.48	$196.48	$74.04
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,828.17	$2,801.97	$2,896.53
Cash to close	$187,207	$41,136	$41,136