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	$99,914	$99,914	$359,100
Remaining term (yrs)	38.2	38.2	30.0
Secondary amount	$0	$259,186	$0
Funding fee	$0	$0	$0
Note rate	6.72%	6.72%	7.24%
Blended rate	7.27%	7.616%	7.48%
1st payment	$606.23	$606.23	$2,447.26
2nd payment	$0.00	$1,673.91	$0.00
Taxes / mo	$297.75	$297.75	$297.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$46.22	$46.22	$71.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,100.20	$2,774.11	$2,966.83
Cash to close	$299,086	$39,900	$39,900