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	$335,834	$335,834	$386,100
Remaining term (yrs)	25.5	25.5	30.0
Secondary amount	$0	$50,266	$0
Funding fee	$0	$0	$0
Note rate	4.670%	4.670%	7.400%
Blended rate	5.520%	5.973%	7.640%
1st payment	$1,873.26	$1,873.26	$2,673.28
2nd payment	$0.00	$376.99	$0.00
Taxes / mo	$104.33	$104.33	$104.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$256.73	$256.73	$77.22
HOA / mo	$99.00	$99.00	$99.00
Total monthly	$2,483.32	$2,860.32	$3,103.83
Cash to close	$93,166	$42,900	$42,900