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	$46,150	$46,150	$161,910
Remaining term (yrs)	15.5	15.5	30.0
Secondary amount	$0	$115,760	$0
Funding fee	$0	$0	$0
Note rate	5%	5%	7.24%
Blended rate	5.85%	7.387%	7.48%
1st payment	$355.78	$355.78	$1,103.41
2nd payment	$0.00	$771.74	$0.00
Taxes / mo	$141.58	$141.58	$141.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$46.95	$46.95	$32.38
HOA / mo	$661.00	$661.00	$661.00
Total monthly	$1,355.31	$2,127.05	$2,088.38
Cash to close	$133,750	$17,990	$17,990