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	$0	$0	$192,600
Remaining term (yrs)	29.7	29.7	30.0
Secondary amount	$0	$192,600	$0
Funding fee	$0	$0	$0
Note rate	6.5%	6.5%	7.24%
Blended rate	7.05%	8%	7.48%
1st payment	$0.00	$0.00	$1,312.57
2nd payment	$0.00	$1,284.00	$0.00
Taxes / mo	$129.58	$129.58	$129.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$38.52
HOA / mo	$340.00	$340.00	$340.00
Total monthly	$619.58	$1,903.58	$1,970.67
Cash to close	$214,000	$21,400	$21,400