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	$111,011	$111,011	$193,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$82,489	$0
Funding fee	$0	$0	$0
Note rate	3.87%	3.87%	7.24%
Blended rate	4.72%	6.545%	7.48%
1st payment	$587.44	$587.44	$1,318.70
2nd payment	$0.00	$618.67	$0.00
Taxes / mo	$103.50	$103.50	$103.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$88.54	$88.54	$38.70
HOA / mo	$564.00	$564.00	$564.00
Total monthly	$1,493.48	$2,112.15	$2,174.90
Cash to close	$103,989	$21,500	$21,500