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	$214,236	$214,236	$449,910
Remaining term (yrs)	20.6	20.6	30.0
Secondary amount	$0	$235,674	$0
Funding fee	$0	$0	$0
Note rate	4.050%	4.050%	7.400%
Blended rate	4.900%	6.393%	7.640%
1st payment	$1,273.32	$1,273.32	$3,115.09
2nd payment	$0.00	$1,522.06	$0.00
Taxes / mo	$182.50	$182.50	$182.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$187.79	$187.79	$89.98
HOA / mo	$43.33	$43.33	$43.33
Total monthly	$1,853.61	$3,375.67	$3,597.56
Cash to close	$285,664	$49,990	$49,990