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	$422,594	$422,594	$544,500
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$121,906	$0
Funding fee	$0	$0	$0
Note rate	3.24%	3.24%	7.24%
Blended rate	4.09%	4.965%	7.48%
1st payment	$2,127.65	$2,127.65	$3,710.76
2nd payment	$0.00	$812.70	$0.00
Taxes / mo	$335.83	$335.83	$335.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$346.73	$346.73	$108.90
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,976.88	$3,789.58	$4,322.16
Cash to close	$182,406	$60,500	$60,500