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	$240,625	$240,625	$643,500
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$402,875	$0
Funding fee	$0	$0	$0
Note rate	3.33%	3.33%	7.24%
Blended rate	4.18%	6.415%	7.48%
1st payment	$1,222.83	$1,222.83	$4,385.44
2nd payment	$0.00	$2,601.90	$0.00
Taxes / mo	$318.83	$318.83	$318.83
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$197.03	$197.03	$128.70
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,955.37	$4,557.27	$5,049.64
Cash to close	$474,375	$71,500	$71,500