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	$0	$0	$513,000
Remaining term (yrs)	26.5	26.5	30.0
Secondary amount	$0	$513,000	$0
Funding fee	$0	$0	$0
Note rate	6.5%	6.5%	7.24%
Blended rate	7.05%	7.75%	7.48%
1st payment	$0.00	$0.00	$3,496.09
2nd payment	$0.00	$3,313.13	$0.00
Taxes / mo	$134.17	$134.17	$134.17
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$102.60
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$300.83	$3,613.96	$3,899.52
Cash to close	$570,000	$57,000	$57,000