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	$96,776	$96,776	$337,500
Remaining term (yrs)	16.4	16.4	30.0
Secondary amount	$0	$240,724	$0
Funding fee	$0	$0	$0
Note rate	3.56%	3.56%	7.24%
Blended rate	4.41%	6.792%	7.48%
1st payment	$647.00	$647.00	$2,300.06
2nd payment	$0.00	$1,554.68	$0.00
Taxes / mo	$222.83	$222.83	$222.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$101.30	$101.30	$67.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,121.13	$2,675.81	$2,740.39
Cash to close	$278,224	$37,500	$37,500