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	$354,332	$354,332	$373,500
Remaining term (yrs)	25.5	25.5	30.0
Secondary amount	$0	$39,918	$0
Funding fee	$0	$0	$0
Note rate	3.760%	3.760%	7.400%
Blended rate	4.610%	5.346%	7.640%
1st payment	$1,798.63	$1,798.63	$2,586.04
2nd payment	$0.00	$395.02	$0.00
Taxes / mo	$116.17	$116.17	$116.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$274.76	$274.76	$74.70
HOA / mo	$50.00	$50.00	$50.00
Total monthly	$2,389.56	$2,784.57	$2,976.91
Cash to close	$60,668	$20,750	$41,500