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	$124,336	$124,336	$328,500
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$204,164	$0
Funding fee	$0	$0	$0
Note rate	4.04%	4.04%	7.24%
Blended rate	4.89%	6.668%	7.48%
1st payment	$786.63	$786.63	$2,238.72
2nd payment	$0.00	$1,318.56	$0.00
Taxes / mo	$106.75	$106.75	$106.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$116.15	$116.15	$65.70
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,159.53	$2,478.09	$2,561.17
Cash to close	$240,664	$36,500	$36,500