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	$91,029	$91,029	$359,910
Remaining term (yrs)	7.3	7.3	30.0
Secondary amount	$0	$268,881	$0
Funding fee	$0	$0	$0
Note rate	2.74%	2.74%	7.24%
Blended rate	3.59%	6.698%	7.48%
1st payment	$1,131.40	$1,131.40	$2,452.78
2nd payment	$0.00	$1,736.52	$0.00
Taxes / mo	$222.83	$222.83	$222.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$196.56	$196.56	$71.98
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,700.80	$3,437.32	$2,897.60
Cash to close	$308,871	$39,990	$39,990