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	$78,301	$78,301	$292,500
Remaining term (yrs)	15.7	15.7	30.0
Secondary amount	$0	$214,199	$0
Funding fee	$0	$0	$0
Note rate	3.56%	3.56%	7.24%
Blended rate	4.41%	6.856%	7.48%
1st payment	$539.70	$539.70	$1,993.38
2nd payment	$0.00	$1,383.37	$0.00
Taxes / mo	$85.67	$85.67	$85.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$84.50	$84.50	$58.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$859.87	$2,243.24	$2,287.55
Cash to close	$246,699	$32,500	$32,500