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	$142,647	$142,647	$341,910
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$199,263	$0
Funding fee	$0	$0	$0
Note rate	4.04%	4.04%	7.24%
Blended rate	4.89%	6.702%	7.48%
1st payment	$902.48	$902.48	$2,330.11
2nd payment	$0.00	$1,328.42	$0.00
Taxes / mo	$309.75	$309.75	$309.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$133.25	$133.25	$68.38
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,495.48	$2,823.90	$2,858.24
Cash to close	$237,253	$37,990	$37,990