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	$223,768	$223,768	$269,910
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$46,142	$0
Funding fee	$0	$0	$0
Note rate	2.7%	2.7%	7.24%
Blended rate	3.55%	4.482%	7.48%
1st payment	$1,048.81	$1,048.81	$1,839.43
2nd payment	$0.00	$346.06	$0.00
Taxes / mo	$134.67	$134.67	$134.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$183.16	$183.16	$53.98
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,516.65	$1,862.71	$2,178.08
Cash to close	$76,132	$29,990	$29,990