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	$290,138	$290,138	$346,410
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$56,272	$0
Funding fee	$0	$0	$0
Note rate	2.98%	2.98%	7.24%
Blended rate	3.83%	4.67%	7.48%
1st payment	$1,379.06	$1,379.06	$2,360.78
2nd payment	$0.00	$422.04	$0.00
Taxes / mo	$173.50	$173.50	$173.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$232.29	$232.29	$69.28
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,934.85	$2,356.89	$2,753.56
Cash to close	$94,762	$38,490	$38,490