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	$338,853	$338,853	$495,000
Remaining term (yrs)	23.3	23.3	30.0
Secondary amount	$0	$156,147	$0
Funding fee	$0	$0	$0
Note rate	3.62%	3.62%	7.24%
Blended rate	4.47%	5.584%	7.48%
1st payment	$1,790.06	$1,790.06	$3,373.42
2nd payment	$0.00	$1,040.98	$0.00
Taxes / mo	$307.25	$307.25	$307.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$278.20	$278.20	$99.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,542.18	$3,583.16	$3,946.33
Cash to close	$211,147	$55,000	$55,000