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	$364,896	$364,896	$405,000
Remaining term (yrs)	27.7	27.7	30.0
Secondary amount	$0	$40,104	$0
Funding fee	$0	$0	$0
Note rate	6.94%	6.94%	7.24%
Blended rate	7.49%	7.64%	7.48%
1st payment	$2,472.72	$2,472.72	$2,760.07
2nd payment	$0.00	$300.78	$0.00
Taxes / mo	$373.83	$373.83	$373.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$171.39	$171.39	$81.00
HOA / mo	$16.67	$16.67	$16.67
Total monthly	$3,184.61	$3,485.39	$3,381.57
Cash to close	$85,104	$45,000	$45,000