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	$438,321	$438,321	$472,500
Remaining term (yrs)	29.5	29.5	30.0
Secondary amount	$0	$34,179	$0
Funding fee	$0	$0	$0
Note rate	4.990%	4.990%	7.400%
Blended rate	5.540%	5.790%	7.640%
1st payment	$2,361.77	$2,361.77	$3,271.49
2nd payment	$0.00	$256.34	$0.00
Taxes / mo	$147.58	$147.58	$147.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$201.88	$201.88	$94.50
HOA / mo	$65.00	$65.00	$65.00
Total monthly	$2,942.89	$3,199.23	$3,745.24
Cash to close	$86,679	$52,500	$52,500