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	$237,610	$237,610	$314,100
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$76,490	$0
Funding fee	$0	$0	$0
Note rate	4%	4%	7.24%
Blended rate	4.85%	5.861%	7.48%
1st payment	$1,242.23	$1,242.23	$2,140.59
2nd payment	$0.00	$573.67	$0.00
Taxes / mo	$120.67	$120.67	$120.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$184.31	$184.31	$62.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,697.21	$2,270.88	$2,474.07
Cash to close	$111,390	$34,900	$34,900