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	$137,326	$137,326	$450,000
Remaining term (yrs)	19.2	19.2	30.0
Secondary amount	$0	$312,674	$0
Funding fee	$0	$0	$0
Note rate	3.95%	3.95%	7.24%
Blended rate	4.8%	6.85%	7.48%
1st payment	$849.80	$849.80	$3,066.74
2nd payment	$0.00	$2,019.35	$0.00
Taxes / mo	$266.83	$266.83	$266.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$126.85	$126.85	$90.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,410.15	$3,429.50	$3,590.24
Cash to close	$362,674	$50,000	$50,000