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	$223,321	$223,321	$414,000
Remaining term (yrs)	12.5	12.5	30.0
Secondary amount	$0	$190,679	$0
Funding fee	$0	$0	$0
Note rate	3.600%	3.600%	7.400%
Blended rate	4.450%	6.085%	7.640%
1st payment	$1,841.31	$1,841.31	$2,866.45
2nd payment	$0.00	$1,271.19	$0.00
Taxes / mo	$205.42	$205.42	$205.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$286.88	$286.88	$82.80
HOA / mo	$120.00	$120.00	$120.00
Total monthly	$2,620.27	$3,891.47	$3,441.34
Cash to close	$236,679	$46,000	$46,000