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	$167,983	$167,983	$427,500
Remaining term (yrs)	18.5	18.5	30.0
Secondary amount	$0	$259,517	$0
Funding fee	$0	$0	$0
Note rate	3.78%	3.78%	7.24%
Blended rate	4.63%	6.524%	7.48%
1st payment	$1,049.72	$1,049.72	$2,913.40
2nd payment	$0.00	$1,676.05	$0.00
Taxes / mo	$210.50	$210.50	$210.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$159.97	$159.97	$85.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,586.85	$3,262.90	$3,376.07
Cash to close	$307,017	$47,500	$47,500