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	$239,651	$239,651	$315,000
Remaining term (yrs)	21.7	21.7	30.0
Secondary amount	$0	$75,349	$0
Funding fee	$0	$0	$0
Note rate	4.56%	4.56%	7.24%
Blended rate	5.41%	6.269%	7.48%
1st payment	$1,449.21	$1,449.21	$2,146.72
2nd payment	$0.00	$565.12	$0.00
Taxes / mo	$227.75	$227.75	$227.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$201.18	$201.18	$63.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,028.14	$2,593.25	$2,587.47
Cash to close	$110,349	$35,000	$35,000