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	$223,911	$223,911	$395,910
Remaining term (yrs)	23.5	23.5	30.0
Secondary amount	$0	$171,999	$0
Funding fee	$0	$0	$0
Note rate	3.360%	3.360%	7.400%
Blended rate	4.210%	5.857%	7.640%
1st payment	$1,144.05	$1,144.05	$2,741.20
2nd payment	$0.00	$1,146.66	$0.00
Taxes / mo	$118.67	$118.67	$118.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$183.65	$183.65	$79.18
HOA / mo	$120.00	$120.00	$120.00
Total monthly	$1,716.37	$2,863.03	$3,209.05
Cash to close	$215,989	$43,990	$43,990