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	$265,701	$265,701	$375,300
Remaining term (yrs)	21.7	21.7	30.0
Secondary amount	$0	$109,599	$0
Funding fee	$0	$0	$0
Note rate	4.57%	4.57%	7.24%
Blended rate	5.42%	6.173%	7.48%
1st payment	$1,604.61	$1,604.61	$2,557.66
2nd payment	$0.00	$730.66	$0.00
Taxes / mo	$253.00	$253.00	$253.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$222.49	$222.49	$75.06
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,230.11	$2,960.77	$3,035.72
Cash to close	$151,299	$41,700	$41,700