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	$370,270	$370,270	$386,910
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$38,135	$0
Funding fee	$0	$0	$0
Note rate	3.02%	3.02%	7.24%
Blended rate	3.87%	4.617%	7.48%
1st payment	$1,767.63	$1,767.63	$2,636.78
2nd payment	$0.00	$377.38	$0.00
Taxes / mo	$307.92	$307.92	$307.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$296.22	$296.22	$77.38
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,521.76	$2,899.15	$3,172.08
Cash to close	$59,630	$21,495	$42,990