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	$308,521	$308,521	$366,300
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$57,779	$0
Funding fee	$0	$0	$0
Note rate	3.13%	3.13%	7.24%
Blended rate	3.98%	4.772%	7.48%
1st payment	$1,532.02	$1,532.02	$2,496.33
2nd payment	$0.00	$433.35	$0.00
Taxes / mo	$210.83	$210.83	$210.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$253.16	$253.16	$73.26
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,146.01	$2,579.36	$2,930.42
Cash to close	$98,479	$40,700	$40,700