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	$495,038	$495,038	$701,100
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$206,062	$0
Funding fee	$0	$0	$0
Note rate	2.93%	2.93%	7.24%
Blended rate	3.78%	4.947%	7.48%
1st payment	$2,340.15	$2,340.15	$4,777.98
2nd payment	$0.00	$1,330.82	$0.00
Taxes / mo	$667.33	$667.33	$667.33
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$396.71	$396.71	$140.22
HOA / mo	$58.00	$58.00	$58.00
Total monthly	$3,678.86	$5,009.68	$5,860.20
Cash to close	$283,962	$77,900	$77,900