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	$77,322	$77,322	$315,000
Remaining term (yrs)	15.7	15.7	30.0
Secondary amount	$0	$237,678	$0
Funding fee	$0	$0	$0
Note rate	3.71%	3.71%	7.24%
Blended rate	4.56%	6.967%	7.48%
1st payment	$538.73	$538.73	$2,146.72
2nd payment	$0.00	$1,535.00	$0.00
Taxes / mo	$233.00	$233.00	$233.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$82.80	$82.80	$63.00
HOA / mo	$320.00	$320.00	$320.00
Total monthly	$1,324.54	$2,859.54	$2,912.72
Cash to close	$272,678	$35,000	$35,000