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	$219,522	$219,522	$238,500
Remaining term (yrs)	25.7	25.7	30.0
Secondary amount	$0	$32,228	$0
Funding fee	$0	$0	$0
Note rate	4%	4%	7.24%
Blended rate	4.85%	5.749%	7.48%
1st payment	$1,139.10	$1,139.10	$1,625.37
2nd payment	$0.00	$318.93	$0.00
Taxes / mo	$78.92	$78.92	$78.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$169.01	$169.01	$47.70
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,537.03	$1,855.95	$1,901.99
Cash to close	$45,478	$13,250	$26,500