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	$108,468	$108,468	$507,600
Remaining term (yrs)	13.2	13.2	30.0
Secondary amount	$0	$399,132	$0
Funding fee	$0	$0	$0
Note rate	5%	5%	7.24%
Blended rate	5.85%	7.344%	7.48%
1st payment	$934.30	$934.30	$3,459.28
2nd payment	$0.00	$2,577.73	$0.00
Taxes / mo	$255.42	$255.42	$255.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$123.28	$123.28	$101.52
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,479.66	$4,057.39	$3,982.89
Cash to close	$455,532	$56,400	$56,400