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	$290,223	$290,223	$495,000
Remaining term (yrs)	21.1	21.1	30.0
Secondary amount	$0	$204,777	$0
Funding fee	$0	$0	$0
Note rate	3.88%	3.88%	7.24%
Blended rate	4.73%	5.979%	7.48%
1st payment	$1,677.06	$1,677.06	$3,373.42
2nd payment	$0.00	$1,322.52	$0.00
Taxes / mo	$304.08	$304.08	$304.08
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$252.47	$252.47	$99.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,400.28	$3,722.80	$3,943.17
Cash to close	$259,777	$55,000	$55,000