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	$178,320	$178,320	$378,000
Remaining term (yrs)	20.3	20.3	30.0
Secondary amount	$0	$199,680	$0
Funding fee	$0	$0	$0
Note rate	4.200%	4.200%	7.400%
Blended rate	5.050%	6.608%	7.640%
1st payment	$1,085.16	$1,085.16	$2,617.20
2nd payment	$0.00	$1,331.20	$0.00
Taxes / mo	$130.83	$130.83	$130.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$157.18	$157.18	$75.60
HOA / mo	$82.00	$82.00	$82.00
Total monthly	$1,605.18	$2,936.37	$3,055.63
Cash to close	$241,680	$42,000	$42,000