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	$377,177	$377,177	$486,000
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$108,823	$0
Funding fee	$0	$0	$0
Note rate	3%	3%	7.24%
Blended rate	3.85%	4.779%	7.48%
1st payment	$1,800.76	$1,800.76	$3,312.08
2nd payment	$0.00	$725.49	$0.00
Taxes / mo	$267.83	$267.83	$267.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$302.54	$302.54	$97.20
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,537.80	$3,263.29	$3,843.78
Cash to close	$162,823	$54,000	$54,000