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	$215,318	$215,318	$337,500
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$122,182	$0
Funding fee	$0	$0	$0
Note rate	2.95%	2.95%	7.24%
Blended rate	3.8%	5.32%	7.48%
1st payment	$1,051.71	$1,051.71	$2,300.06
2nd payment	$0.00	$814.55	$0.00
Taxes / mo	$198.17	$198.17	$198.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$174.09	$174.09	$67.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,573.97	$2,388.51	$2,715.72
Cash to close	$159,682	$37,500	$37,500