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	$383,752	$383,752	$562,500
Remaining term (yrs)	25.4	25.4	30.0
Secondary amount	$0	$178,748	$0
Funding fee	$0	$0	$0
Note rate	3.550%	3.550%	7.400%
Blended rate	4.400%	5.544%	7.640%
1st payment	$1,907.95	$1,907.95	$3,894.64
2nd payment	$0.00	$1,191.66	$0.00
Taxes / mo	$196.50	$196.50	$196.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$299.10	$299.10	$112.50
HOA / mo	$188.33	$188.33	$188.33
Total monthly	$2,758.55	$3,950.20	$4,558.63
Cash to close	$241,248	$62,500	$62,500