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	$211,054	$211,054	$225,000
Remaining term (yrs)	27.4	27.4	30.0
Secondary amount	$0	$26,446	$0
Funding fee	$0	$0	$0
Note rate	6.88%	6.88%	7.24%
Blended rate	7.43%	7.925%	7.48%
1st payment	$1,426.24	$1,426.24	$1,533.37
2nd payment	$0.00	$261.71	$0.00
Taxes / mo	$143.33	$143.33	$143.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$99.46	$99.46	$45.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,819.03	$2,080.74	$1,871.70
Cash to close	$38,946	$12,500	$25,000