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	$0	$0	$382,500
Remaining term (yrs)	6.3	6.3	30.0
Secondary amount	$0	$382,500	$0
Funding fee	$0	$0	$0
Note rate	3%	3%	7.24%
Blended rate	3.85%	7.75%	7.48%
1st payment	$0.00	$0.00	$2,606.73
2nd payment	$0.00	$2,470.31	$0.00
Taxes / mo	$205.00	$205.00	$205.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$76.50
HOA / mo	$325.00	$325.00	$325.00
Total monthly	$680.00	$3,150.31	$3,363.23
Cash to close	$425,000	$42,500	$42,500