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	$266,415	$266,415	$369,000
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$102,585	$0
Funding fee	$0	$0	$0
Note rate	3.5%	3.5%	7.24%
Blended rate	4.35%	5.365%	7.48%
1st payment	$1,342.17	$1,342.17	$2,514.73
2nd payment	$0.00	$683.90	$0.00
Taxes / mo	$204.25	$204.25	$204.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$211.72	$211.72	$73.80
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,908.14	$2,592.04	$2,942.78
Cash to close	$143,585	$41,000	$41,000