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	$216,273	$216,273	$359,550
Remaining term (yrs)	23.5	23.5	30.0
Secondary amount	$0	$143,277	$0
Funding fee	$0	$0	$0
Note rate	3.470%	3.470%	7.400%
Blended rate	4.320%	5.786%	7.640%
1st payment	$1,120.13	$1,120.13	$2,489.45
2nd payment	$0.00	$955.18	$0.00
Taxes / mo	$111.33	$111.33	$111.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$177.35	$177.35	$71.91
HOA / mo	$66.00	$66.00	$66.00
Total monthly	$1,624.82	$2,580.00	$2,888.69
Cash to close	$183,227	$39,950	$39,950