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	$368,547	$368,547	$373,500
Remaining term (yrs)	25.6	25.6	30.0
Secondary amount	$0	$25,703	$0
Funding fee	$0	$0	$0
Note rate	5%	5%	7.24%
Blended rate	5.85%	6.243%	7.48%
1st payment	$2,126.45	$2,126.45	$2,545.40
2nd payment	$0.00	$254.35	$0.00
Taxes / mo	$499.83	$499.83	$499.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$280.58	$280.58	$74.70
HOA / mo	$36.33	$36.33	$36.33
Total monthly	$3,093.20	$3,347.55	$3,306.26
Cash to close	$46,453	$20,750	$41,500