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	$120,388	$120,388	$260,910
Remaining term (yrs)	18.4	18.4	30.0
Secondary amount	$0	$140,522	$0
Funding fee	$0	$0	$0
Note rate	3.67%	3.67%	7.24%
Blended rate	4.52%	6.394%	7.48%
1st payment	$747.85	$747.85	$1,778.10
2nd payment	$0.00	$936.81	$0.00
Taxes / mo	$90.42	$90.42	$90.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$115.51	$115.51	$52.18
HOA / mo	$610.00	$610.00	$610.00
Total monthly	$1,713.78	$2,650.60	$2,680.70
Cash to close	$169,512	$28,990	$28,990