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	$74,495	$74,495	$315,000
Remaining term (yrs)	15.3	15.3	30.0
Secondary amount	$0	$240,505	$0
Funding fee	$0	$0	$0
Note rate	5%	5%	7.24%
Blended rate	5.85%	7.301%	7.48%
1st payment	$578.41	$578.41	$2,146.72
2nd payment	$0.00	$1,553.26	$0.00
Taxes / mo	$225.33	$225.33	$225.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$76.32	$76.32	$63.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,030.07	$2,583.33	$2,585.05
Cash to close	$275,505	$35,000	$35,000