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	$329,222	$329,222	$346,500
Remaining term (yrs)	25.2	25.2	30.0
Secondary amount	$0	$36,528	$0
Funding fee	$0	$0	$0
Note rate	3.110%	3.110%	7.400%
Blended rate	3.960%	4.750%	7.640%
1st payment	$1,566.37	$1,566.37	$2,399.10
2nd payment	$0.00	$361.47	$0.00
Taxes / mo	$181.83	$181.83	$181.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$259.50	$259.50	$69.30
HOA / mo	$95.00	$95.00	$95.00
Total monthly	$2,252.70	$2,614.17	$2,895.23
Cash to close	$55,778	$19,250	$38,500