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	$121,435	$121,435	$175,500
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$54,065	$0
Funding fee	$0	$0	$0
Note rate	2.9%	2.9%	7.24%
Blended rate	3.75%	5.367%	7.48%
1st payment	$572.17	$572.17	$1,196.03
2nd payment	$0.00	$405.49	$0.00
Taxes / mo	$94.33	$94.33	$94.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$97.37	$97.37	$35.10
HOA / mo	$29.17	$29.17	$29.17
Total monthly	$943.04	$1,348.53	$1,504.63
Cash to close	$73,565	$19,500	$19,500