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	$147,135	$147,135	$180,000
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$32,865	$0
Funding fee	$0	$0	$0
Note rate	4.07%	4.07%	7.24%
Blended rate	4.92%	5.665%	7.48%
1st payment	$827.29	$827.29	$1,226.70
2nd payment	$0.00	$246.48	$0.00
Taxes / mo	$154.92	$154.92	$154.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$121.71	$121.71	$36.00
HOA / mo	$53.00	$53.00	$53.00
Total monthly	$1,306.92	$1,553.41	$1,620.61
Cash to close	$52,865	$20,000	$20,000