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	$109,506	$109,506	$247,500
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$137,994	$0
Funding fee	$0	$0	$0
Note rate	4%	4%	7.24%
Blended rate	4.85%	6.606%	7.48%
1st payment	$690.52	$690.52	$1,686.71
2nd payment	$0.00	$919.96	$0.00
Taxes / mo	$228.58	$228.58	$228.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$102.45	$102.45	$49.50
HOA / mo	$585.00	$585.00	$585.00
Total monthly	$1,756.55	$2,676.52	$2,699.79
Cash to close	$165,494	$27,500	$27,500