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	$104,520	$104,520	$395,910
Remaining term (yrs)	6.2	6.2	30.0
Secondary amount	$0	$291,390	$0
Funding fee	$0	$0	$0
Note rate	4.27%	4.27%	7.24%
Blended rate	5.12%	7.056%	7.48%
1st payment	$1,590.28	$1,590.28	$2,698.12
2nd payment	$0.00	$1,881.89	$0.00
Taxes / mo	$204.17	$204.17	$204.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$228.44	$228.44	$79.18
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,172.89	$4,054.78	$3,131.47
Cash to close	$335,380	$43,990	$43,990