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	$161,591	$161,591	$387,000
Remaining term (yrs)	18.3	18.3	30.0
Secondary amount	$0	$225,409	$0
Funding fee	$0	$0	$0
Note rate	3.800%	3.800%	7.400%
Blended rate	4.650%	6.456%	7.640%
1st payment	$1,017.74	$1,017.74	$2,679.51
2nd payment	$0.00	$1,455.77	$0.00
Taxes / mo	$184.08	$184.08	$184.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$154.71	$154.71	$77.40
HOA / mo	$126.00	$126.00	$126.00
Total monthly	$1,632.54	$3,088.31	$3,216.99
Cash to close	$268,409	$43,000	$43,000