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	$314,957	$314,957	$422,910
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$107,953	$0
Funding fee	$0	$0	$0
Note rate	3.82%	3.82%	7.24%
Blended rate	4.67%	5.52%	7.48%
1st payment	$1,724.47	$1,724.47	$2,882.12
2nd payment	$0.00	$719.69	$0.00
Taxes / mo	$390.42	$390.42	$390.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$261.51	$261.51	$84.58
HOA / mo	$42.00	$42.00	$42.00
Total monthly	$2,585.06	$3,304.75	$3,565.79
Cash to close	$154,943	$46,990	$46,990