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	$115,191	$115,191	$472,500
Remaining term (yrs)	13.8	13.8	30.0
Secondary amount	$0	$357,309	$0
Funding fee	$0	$0	$0
Note rate	4.49%	4.49%	7.24%
Blended rate	5.34%	7.162%	7.48%
1st payment	$928.82	$928.82	$3,220.08
2nd payment	$0.00	$2,307.62	$0.00
Taxes / mo	$194.25	$194.25	$194.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$130.00	$130.00	$94.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,419.73	$3,727.35	$3,675.50
Cash to close	$409,809	$52,500	$52,500