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	$400,935	$400,935	$697,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$296,565	$0
Funding fee	$0	$0	$0
Note rate	2.67%	2.67%	7.24%
Blended rate	3.52%	5.319%	7.48%
1st payment	$1,868.54	$1,868.54	$4,753.45
2nd payment	$0.00	$1,915.32	$0.00
Taxes / mo	$663.17	$663.17	$663.17
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$327.60	$327.60	$139.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,075.97	$4,991.29	$5,772.78
Cash to close	$374,065	$77,500	$77,500