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	$333,172	$333,172	$598,500
Remaining term (yrs)	20.6	20.6	30.0
Secondary amount	$0	$265,328	$0
Funding fee	$0	$0	$0
Note rate	3.75%	3.75%	7.24%
Blended rate	4.6%	5.996%	7.48%
1st payment	$1,932.59	$1,932.59	$4,078.77
2nd payment	$0.00	$1,713.58	$0.00
Taxes / mo	$401.83	$401.83	$401.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$295.59	$295.59	$119.70
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,796.68	$4,510.26	$4,766.97
Cash to close	$331,828	$66,500	$66,500