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	$39,859	$39,859	$224,910
Remaining term (yrs)	5.7	5.7	30.0
Secondary amount	$0	$185,051	$0
Funding fee	$0	$0	$0
Note rate	4.79%	4.79%	7.24%
Blended rate	5.64%	7.582%	7.48%
1st payment	$653.79	$653.79	$1,532.76
2nd payment	$0.00	$1,233.67	$0.00
Taxes / mo	$127.17	$127.17	$127.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$88.37	$88.37	$44.98
HOA / mo	$337.00	$337.00	$337.00
Total monthly	$1,356.33	$2,590.00	$2,191.91
Cash to close	$210,041	$24,990	$24,990