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	$36,004	$36,004	$268,110
Remaining term (yrs)	18.5	18.5	30.0
Secondary amount	$0	$232,106	$0
Funding fee	$0	$0	$0
Note rate	3.73%	3.73%	7.24%
Blended rate	4.58%	7.324%	7.48%
1st payment	$224.06	$224.06	$1,827.16
2nd payment	$0.00	$1,499.02	$0.00
Taxes / mo	$157.42	$157.42	$157.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$34.35	$34.35	$53.62
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$565.83	$2,064.85	$2,188.20
Cash to close	$261,896	$29,790	$29,790