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	$212,269	$212,269	$314,910
Remaining term (yrs)	23.5	23.5	30.0
Secondary amount	$0	$102,641	$0
Funding fee	$0	$0	$0
Note rate	3.600%	3.600%	7.400%
Blended rate	4.450%	5.607%	7.640%
1st payment	$1,111.56	$1,111.56	$2,180.37
2nd payment	$0.00	$684.28	$0.00
Taxes / mo	$219.58	$219.58	$219.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$173.18	$173.18	$62.98
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,654.32	$2,338.60	$2,612.94
Cash to close	$137,631	$34,990	$34,990