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	$204,572	$204,572	$413,910
Remaining term (yrs)	14.0	14.0	30.0
Secondary amount	$0	$209,338	$0
Funding fee	$0	$0	$0
Note rate	3.510%	3.510%	7.400%
Blended rate	4.360%	6.075%	7.640%
1st payment	$1,528.97	$1,528.97	$2,865.83
2nd payment	$0.00	$1,351.97	$0.00
Taxes / mo	$133.42	$133.42	$133.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$186.58	$186.58	$82.78
HOA / mo	$62.00	$62.00	$62.00
Total monthly	$2,077.63	$3,429.60	$3,310.69
Cash to close	$255,328	$45,990	$45,990