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	$229,430	$229,430	$433,800
Remaining term (yrs)	20.8	20.8	30.0
Secondary amount	$0	$204,370	$0
Funding fee	$0	$0	$0
Note rate	3.900%	3.900%	7.400%
Blended rate	4.750%	6.163%	7.640%
1st payment	$1,338.43	$1,338.43	$3,003.54
2nd payment	$0.00	$1,319.89	$0.00
Taxes / mo	$208.58	$208.58	$208.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$201.00	$201.00	$86.76
HOA / mo	$415.00	$415.00	$415.00
Total monthly	$2,329.68	$3,649.57	$3,880.55
Cash to close	$252,570	$48,200	$48,200