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	$217,873	$217,873	$269,550
Remaining term (yrs)	29.1	29.1	30.0
Secondary amount	$0	$51,677	$0
Funding fee	$0	$0	$0
Note rate	6.18%	6.18%	7.24%
Blended rate	6.73%	7.165%	7.48%
1st payment	$1,344.82	$1,344.82	$1,836.98
2nd payment	$0.00	$387.58	$0.00
Taxes / mo	$168.00	$168.00	$168.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$100.85	$100.85	$53.91
HOA / mo	$865.00	$865.00	$865.00
Total monthly	$2,628.67	$3,016.24	$3,073.89
Cash to close	$81,627	$29,950	$29,950