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	$378,330	$378,330	$521,910
Remaining term (yrs)	25.5	25.5	30.0
Secondary amount	$0	$143,580	$0
Funding fee	$0	$0	$0
Note rate	3.920%	3.920%	7.400%
Blended rate	4.770%	5.659%	7.640%
1st payment	$1,953.73	$1,953.73	$3,613.60
2nd payment	$0.00	$957.20	$0.00
Taxes / mo	$192.50	$192.50	$192.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$292.69	$292.69	$104.38
HOA / mo	$137.00	$137.00	$137.00
Total monthly	$2,742.59	$3,699.79	$4,214.15
Cash to close	$201,570	$57,990	$57,990