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	$177,723	$177,723	$315,000
Remaining term (yrs)	28.7	28.7	30.0
Secondary amount	$0	$137,277	$0
Funding fee	$0	$0	$0
Note rate	4.55%	4.55%	7.24%
Blended rate	5.1%	6.364%	7.48%
1st payment	$923.07	$923.07	$2,146.72
2nd payment	$0.00	$915.18	$0.00
Taxes / mo	$128.08	$128.08	$128.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$83.01	$83.01	$63.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,284.17	$2,199.34	$2,487.80
Cash to close	$172,277	$35,000	$35,000