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	$77,371	$77,371	$382,410
Remaining term (yrs)	16.3	16.3	30.0
Secondary amount	$0	$305,039	$0
Funding fee	$0	$0	$0
Note rate	3.340%	3.340%	7.400%
Blended rate	4.190%	7.030%	7.640%
1st payment	$510.75	$510.75	$2,647.73
2nd payment	$0.00	$1,970.04	$0.00
Taxes / mo	$106.58	$106.58	$106.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$82.19	$82.19	$76.48
HOA / mo	$317.00	$317.00	$317.00
Total monthly	$1,166.52	$3,136.56	$3,297.79
Cash to close	$347,529	$42,490	$42,490