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	$239,738	$239,738	$404,100
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$164,362	$0
Funding fee	$0	$0	$0
Note rate	2.97%	2.97%	7.24%
Blended rate	3.82%	5.52%	7.48%
1st payment	$1,290.91	$1,290.91	$2,753.93
2nd payment	$0.00	$1,095.75	$0.00
Taxes / mo	$286.33	$286.33	$286.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$198.60	$198.60	$80.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,925.85	$3,021.60	$3,271.09
Cash to close	$209,262	$44,900	$44,900