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	$135,837	$135,837	$405,000
Remaining term (yrs)	13.4	13.4	30.0
Secondary amount	$0	$269,163	$0
Funding fee	$0	$0	$0
Note rate	5.01%	5.01%	7.24%
Blended rate	5.86%	7.116%	7.48%
1st payment	$1,155.46	$1,155.46	$2,760.07
2nd payment	$0.00	$1,738.35	$0.00
Taxes / mo	$113.08	$113.08	$113.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$152.29	$152.29	$81.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,570.84	$3,309.18	$3,104.15
Cash to close	$314,163	$45,000	$45,000