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	$217,425	$217,425	$562,500
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$345,075	$0
Funding fee	$0	$0	$0
Note rate	2.65%	2.65%	7.24%
Blended rate	3.5%	6.107%	7.48%
1st payment	$1,008.64	$1,008.64	$3,833.43
2nd payment	$0.00	$2,228.61	$0.00
Taxes / mo	$574.33	$574.33	$574.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$177.30	$177.30	$112.50
HOA / mo	$361.00	$361.00	$361.00
Total monthly	$2,287.94	$4,516.55	$5,047.93
Cash to close	$407,575	$62,500	$62,500