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	$86,482	$86,482	$179,100
Remaining term (yrs)	22.5	22.5	30.0
Secondary amount	$0	$92,618	$0
Funding fee	$0	$0	$0
Note rate	4%	4%	7.24%
Blended rate	4.85%	6.996%	7.48%
1st payment	$485.17	$485.17	$1,220.56
2nd payment	$0.00	$694.63	$0.00
Taxes / mo	$116.25	$116.25	$116.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$71.98	$71.98	$35.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$823.40	$1,518.03	$1,522.63
Cash to close	$112,518	$19,900	$19,900