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	$152,429	$152,429	$386,910
Remaining term (yrs)	18.9	18.9	30.0
Secondary amount	$0	$234,481	$0
Funding fee	$0	$0	$0
Note rate	3.94%	3.94%	7.24%
Blended rate	4.79%	6.584%	7.48%
1st payment	$950.76	$950.76	$2,636.78
2nd payment	$0.00	$1,514.36	$0.00
Taxes / mo	$126.00	$126.00	$126.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$142.09	$142.09	$77.38
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,368.86	$2,883.21	$2,990.17
Cash to close	$277,471	$42,990	$42,990