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	$223,928	$223,928	$342,000
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$118,072	$0
Funding fee	$0	$0	$0
Note rate	3.9%	3.9%	7.24%
Blended rate	4.75%	5.872%	7.48%
1st payment	$1,309.71	$1,309.71	$2,330.72
2nd payment	$0.00	$787.15	$0.00
Taxes / mo	$300.25	$300.25	$300.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$196.69	$196.69	$68.40
HOA / mo	$28.33	$28.33	$28.33
Total monthly	$1,984.98	$2,772.13	$2,877.70
Cash to close	$156,072	$38,000	$38,000