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	$216,165	$216,165	$301,500
Remaining term (yrs)	23.3	23.3	30.0
Secondary amount	$0	$85,335	$0
Funding fee	$0	$0	$0
Note rate	3.65%	3.65%	7.24%
Blended rate	4.5%	5.774%	7.48%
1st payment	$1,145.39	$1,145.39	$2,054.72
2nd payment	$0.00	$640.01	$0.00
Taxes / mo	$190.83	$190.83	$190.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$177.35	$177.35	$60.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,663.58	$2,303.59	$2,455.85
Cash to close	$118,835	$33,500	$33,500