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	$139,737	$139,737	$450,000
Remaining term (yrs)	17.2	17.2	30.0
Secondary amount	$0	$310,263	$0
Funding fee	$0	$0	$0
Note rate	4.42%	4.42%	7.24%
Blended rate	5.27%	6.98%	7.48%
1st payment	$965.98	$965.98	$3,066.74
2nd payment	$0.00	$2,003.78	$0.00
Taxes / mo	$229.50	$229.50	$229.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$136.32	$136.32	$90.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,498.47	$3,502.25	$3,552.91
Cash to close	$360,263	$50,000	$50,000