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	$324,571	$324,571	$378,000
Remaining term (yrs)	25.4	25.4	30.0
Secondary amount	$0	$53,429	$0
Funding fee	$0	$0	$0
Note rate	3.550%	3.550%	7.400%
Blended rate	4.400%	5.050%	7.640%
1st payment	$1,613.71	$1,613.71	$2,617.20
2nd payment	$0.00	$400.72	$0.00
Taxes / mo	$116.67	$116.67	$116.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$252.98	$252.98	$75.60
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$2,233.35	$2,634.07	$3,059.46
Cash to close	$95,429	$42,000	$42,000