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	$174,996	$174,996	$252,000
Remaining term (yrs)	20.9	20.9	30.0
Secondary amount	$0	$77,004	$0
Funding fee	$0	$0	$0
Note rate	3.88%	3.88%	7.24%
Blended rate	4.73%	6.035%	7.48%
1st payment	$1,016.40	$1,016.40	$1,717.38
2nd payment	$0.00	$577.53	$0.00
Taxes / mo	$132.67	$132.67	$132.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$153.01	$153.01	$50.40
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,452.08	$2,029.61	$2,050.44
Cash to close	$105,004	$28,000	$28,000