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	$227,941	$227,941	$314,999
Remaining term (yrs)	23.9	23.9	30.0
Secondary amount	$0	$87,058	$0
Funding fee	$0	$0	$0
Note rate	3.160%	3.160%	7.400%
Blended rate	4.010%	5.389%	7.640%
1st payment	$1,130.15	$1,130.15	$2,180.99
2nd payment	$0.00	$652.94	$0.00
Taxes / mo	$122.42	$122.42	$122.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$186.05	$186.05	$63.00
HOA / mo	$46.67	$46.67	$46.67
Total monthly	$1,635.29	$2,288.22	$2,563.08
Cash to close	$122,058	$35,000	$35,000