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 · VA	Assumable Loan + Second Assumable · VA	Current Market Conventional New · Conventional
Loan amount	$308,320	$308,320	$377,910
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$69,590	$0
Funding fee	$1,542	$1,542	$0
Note rate	2.25%	2.25%	7.24%
Blended rate	2.25%	3.493%	7.48%
1st payment	$1,368.63	$1,368.63	$2,575.45
2nd payment	$0.00	$521.93	$0.00
Taxes / mo	$100.08	$100.08	$100.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$75.58
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,618.72	$2,140.64	$2,901.11
Cash to close	$111,580	$41,990	$41,990