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	$362,254	$362,254	$495,000
Remaining term (yrs)	19.7	19.7	30.0
Secondary amount	$0	$132,746	$0
Funding fee	$0	$0	$0
Note rate	3.72%	3.72%	7.24%
Blended rate	4.57%	5.49%	7.48%
1st payment	$2,154.25	$2,154.25	$3,373.42
2nd payment	$0.00	$884.97	$0.00
Taxes / mo	$722.17	$722.17	$722.17
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$330.71	$330.71	$99.00
HOA / mo	$58.00	$58.00	$58.00
Total monthly	$3,431.79	$4,316.76	$4,419.25
Cash to close	$187,746	$55,000	$55,000