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	$570,667	$570,667	$607,500
Remaining term (yrs)	38.1	38.1	30.0
Secondary amount	$0	$36,833	$0
Funding fee	$0	$0	$0
Note rate	6.32%	6.32%	7.24%
Blended rate	6.87%	6.999%	7.48%
1st payment	$3,303.46	$3,303.46	$4,140.10
2nd payment	$0.00	$276.25	$0.00
Taxes / mo	$393.83	$393.83	$393.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$264.39	$264.39	$121.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$4,128.35	$4,404.60	$4,822.10
Cash to close	$104,333	$67,500	$67,500