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	$203,594	$203,594	$382,500
Remaining term (yrs)	21.7	21.7	30.0
Secondary amount	$0	$178,906	$0
Funding fee	$0	$0	$0
Note rate	4.590%	4.590%	7.400%
Blended rate	5.440%	6.637%	7.640%
1st payment	$1,231.79	$1,231.79	$2,648.35
2nd payment	$0.00	$1,192.71	$0.00
Taxes / mo	$120.67	$120.67	$120.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$170.40	$170.40	$76.50
HOA / mo	$58.00	$58.00	$58.00
Total monthly	$1,730.86	$2,923.56	$3,053.52
Cash to close	$221,406	$42,500	$42,500