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	$309,122	$309,122	$396,000
Remaining term (yrs)	33.7	33.7	30.0
Secondary amount	$0	$86,878	$0
Funding fee	$1,546	$1,546	$0
Note rate	2.8%	2.8%	7.24%
Blended rate	2.8%	4.16%	7.48%
1st payment	$1,180.71	$1,180.71	$2,698.73
2nd payment	$0.00	$651.59	$0.00
Taxes / mo	$251.17	$251.17	$251.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$79.20
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,581.87	$2,233.46	$3,179.10
Cash to close	$130,878	$44,000	$44,000