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	$34,991	$34,991	$161,100
Remaining term (yrs)	10.3	10.3	30.0
Secondary amount	$0	$126,109	$0
Funding fee	$0	$0	$0
Note rate	6.21%	6.21%	7.24%
Blended rate	7.06%	7.796%	7.48%
1st payment	$380.86	$380.86	$1,097.89
2nd payment	$0.00	$840.73	$0.00
Taxes / mo	$106.83	$106.83	$106.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$44.00	$44.00	$32.22
HOA / mo	$299.00	$299.00	$299.00
Total monthly	$980.69	$1,821.42	$1,685.95
Cash to close	$144,009	$17,900	$17,900