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	$63,861	$63,861	$619,650
Remaining term (yrs)	5.7	5.7	30.0
Secondary amount	$0	$555,789	$0
Funding fee	$0	$0	$0
Note rate	6.54%	6.54%	7.24%
Blended rate	7.39%	7.713%	7.48%
1st payment	$1,099.81	$1,099.81	$4,222.90
2nd payment	$0.00	$3,589.47	$0.00
Taxes / mo	$334.83	$334.83	$334.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$122.74	$122.74	$123.93
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,724.05	$5,313.52	$4,848.33
Cash to close	$624,639	$68,850	$68,850