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	$537,261	$537,261	$539,999
Remaining term (yrs)	29.3	29.3	30.0
Secondary amount	$0	$32,738	$0
Funding fee	$0	$0	$0
Note rate	6.16%	6.16%	7.24%
Blended rate	6.71%	7.007%	7.48%
1st payment	$3,299.27	$3,299.27	$3,680.08
2nd payment	$0.00	$323.97	$0.00
Taxes / mo	$54.83	$54.83	$54.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$247.95	$247.95	$108.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,768.72	$4,092.68	$4,009.58
Cash to close	$62,738	$30,000	$60,000