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	$509,328	$509,328	$562,500
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$53,172	$0
Funding fee	$2,547	$2,547	$0
Note rate	2.83%	2.83%	7.24%
Blended rate	2.83%	3.413%	7.48%
1st payment	$2,409.50	$2,409.50	$3,833.43
2nd payment	$0.00	$398.79	$0.00
Taxes / mo	$201.33	$201.33	$201.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$112.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,777.50	$3,176.28	$4,313.93
Cash to close	$115,672	$62,500	$62,500