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	$171,165	$171,165	$463,500
Remaining term (yrs)	20.0	20.0	30.0
Secondary amount	$0	$292,335	$0
Funding fee	$0	$0	$0
Note rate	3.420%	3.420%	7.400%
Blended rate	4.270%	6.465%	7.640%
1st payment	$979.99	$979.99	$3,209.18
2nd payment	$0.00	$1,888.00	$0.00
Taxes / mo	$159.33	$159.33	$159.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$156.13	$156.13	$92.70
HOA / mo	$40.67	$40.67	$40.67
Total monthly	$1,502.79	$3,390.79	$3,668.55
Cash to close	$343,835	$51,500	$51,500