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	$65,226	$65,226	$337,500
Remaining term (yrs)	12.6	12.6	30.0
Secondary amount	$0	$272,274	$0
Funding fee	$0	$0	$0
Note rate	4.78%	4.78%	7.24%
Blended rate	5.63%	7.34%	7.48%
1st payment	$572.88	$572.88	$2,300.06
2nd payment	$0.00	$1,758.44	$0.00
Taxes / mo	$162.42	$162.42	$162.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$77.52	$77.52	$67.50
HOA / mo	$590.00	$590.00	$590.00
Total monthly	$1,552.82	$3,311.26	$3,269.97
Cash to close	$309,774	$37,500	$37,500