Drew Bell | Bell Properties - My Home Group

Drew Bell

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	$235,801	$235,801	$395,999
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$160,198	$0
Funding fee	$0	$0	$0
Note rate	3.080%	3.080%	7.400%
Blended rate	3.930%	5.576%	7.640%
1st payment	$1,138.16	$1,138.16	$2,741.82
2nd payment	$0.00	$1,067.99	$0.00
Taxes / mo	$211.17	$211.17	$211.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$189.28	$189.28	$79.20
HOA / mo	$50.00	$50.00	$50.00
Total monthly	$1,738.61	$2,806.60	$3,232.18
Cash to close	$204,198	$44,000	$44,000