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	$208,132	$208,132	$296,910
Remaining term (yrs)	23.9	23.9	30.0
Secondary amount	$0	$88,778	$0
Funding fee	$0	$0	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.870%	5.404%	7.640%
1st payment	$1,016.82	$1,016.82	$2,055.74
2nd payment	$0.00	$665.83	$0.00
Taxes / mo	$185.17	$185.17	$185.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$170.40	$170.40	$59.38
HOA / mo	$91.00	$91.00	$91.00
Total monthly	$1,613.38	$2,279.21	$2,541.29
Cash to close	$121,768	$32,990	$32,990