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	$58,010	$58,010	$207,000
Remaining term (yrs)	15.6	15.6	30.0
Secondary amount	$0	$148,990	$0
Funding fee	$0	$0	$0
Note rate	3.88%	3.88%	7.24%
Blended rate	4.73%	7.084%	7.48%
1st payment	$412.27	$412.27	$1,410.70
2nd payment	$0.00	$993.27	$0.00
Taxes / mo	$194.92	$194.92	$194.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$62.06	$62.06	$41.40
HOA / mo	$510.00	$510.00	$510.00
Total monthly	$1,329.25	$2,322.52	$2,307.02
Cash to close	$171,990	$23,000	$23,000