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	$185,194	$185,194	$443,700
Remaining term (yrs)	18.4	18.4	30.0
Secondary amount	$0	$258,506	$0
Funding fee	$0	$0	$0
Note rate	3.670%	3.670%	7.400%
Blended rate	4.520%	6.402%	7.640%
1st payment	$1,150.43	$1,150.43	$3,072.09
2nd payment	$0.00	$1,669.51	$0.00
Taxes / mo	$168.33	$168.33	$168.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$177.70	$177.70	$88.74
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$1,763.13	$3,432.64	$3,595.83
Cash to close	$307,806	$49,300	$49,300