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	$70,834	$70,834	$359,100
Remaining term (yrs)	5.7	5.7	30.0
Secondary amount	$0	$288,266	$0
Funding fee	$0	$0	$0
Note rate	3.19%	3.19%	7.24%
Blended rate	4.04%	7.018%	7.48%
1st payment	$1,124.96	$1,124.96	$2,447.26
2nd payment	$0.00	$1,861.72	$0.00
Taxes / mo	$255.50	$255.50	$255.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$113.88	$113.88	$71.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,644.34	$3,506.06	$2,924.58
Cash to close	$328,166	$39,900	$39,900