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	$180,499	$180,499	$399,510
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$219,011	$0
Funding fee	$0	$0	$0
Note rate	3.85%	3.85%	7.24%
Blended rate	4.7%	6.372%	7.48%
1st payment	$1,127.54	$1,127.54	$2,722.65
2nd payment	$0.00	$1,414.44	$0.00
Taxes / mo	$286.00	$286.00	$286.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$170.36	$170.36	$79.90
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,733.90	$3,148.35	$3,238.56
Cash to close	$263,401	$44,390	$44,390