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	$167,452	$167,452	$526,500
Remaining term (yrs)	13.2	13.2	30.0
Secondary amount	$0	$359,048	$0
Funding fee	$0	$0	$0
Note rate	4.91%	4.91%	7.24%
Blended rate	5.76%	7.117%	7.48%
1st payment	$1,434.70	$1,434.70	$3,588.09
2nd payment	$0.00	$2,318.85	$0.00
Taxes / mo	$440.50	$440.50	$440.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$191.26	$191.26	$105.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,233.13	$4,551.98	$4,300.55
Cash to close	$417,548	$58,500	$58,500