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	$252,265	$252,265	$348,930
Remaining term (yrs)	22.3	22.3	30.0
Secondary amount	$0	$96,665	$0
Funding fee	$0	$0	$0
Note rate	4.46%	4.46%	7.24%
Blended rate	5.31%	6.332%	7.48%
1st payment	$1,485.03	$1,485.03	$2,377.95
2nd payment	$0.00	$724.98	$0.00
Taxes / mo	$174.83	$174.83	$174.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$208.58	$208.58	$69.79
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,018.44	$2,743.43	$2,772.57
Cash to close	$135,435	$38,770	$38,770