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	$0	$0	$189,000
Remaining term (yrs)	11.2	11.2	30.0
Secondary amount	$0	$189,000	$0
Funding fee	$0	$0	$0
Note rate	3%	3%	7.24%
Blended rate	3.85%	8%	7.48%
1st payment	$0.00	$0.00	$1,288.03
2nd payment	$0.00	$1,260.00	$0.00
Taxes / mo	$120.58	$120.58	$120.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$37.80
HOA / mo	$340.00	$340.00	$340.00
Total monthly	$610.58	$1,870.58	$1,936.41
Cash to close	$210,000	$21,000	$21,000