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	$296,624	$296,624	$306,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$26,376	$0
Funding fee	$0	$0	$0
Note rate	2.77%	2.77%	7.24%
Blended rate	3.62%	4.294%	7.48%
1st payment	$1,394.15	$1,394.15	$2,085.38
2nd payment	$0.00	$261.01	$0.00
Taxes / mo	$259.58	$259.58	$259.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$241.27	$241.27	$61.20
HOA / mo	$50.00	$50.00	$50.00
Total monthly	$2,095.00	$2,356.01	$2,606.17
Cash to close	$43,376	$17,000	$34,000