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	$577,943	$577,943	$629,100
Remaining term (yrs)	27.7	27.7	30.0
Secondary amount	$0	$51,157	$0
Funding fee	$0	$0	$0
Note rate	6.77%	6.77%	7.24%
Blended rate	7.32%	7.457%	7.48%
1st payment	$3,848.36	$3,848.36	$4,287.30
2nd payment	$0.00	$383.67	$0.00
Taxes / mo	$491.50	$491.50	$491.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$271.39	$271.39	$125.82
HOA / mo	$18.00	$18.00	$18.00
Total monthly	$4,795.92	$5,179.59	$5,089.29
Cash to close	$121,057	$69,900	$69,900