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	$338,630	$338,630	$400,500
Remaining term (yrs)	25.2	25.2	30.0
Secondary amount	$0	$61,870	$0
Funding fee	$0	$0	$0
Note rate	3.100%	3.100%	7.400%
Blended rate	3.950%	4.730%	7.640%
1st payment	$1,609.35	$1,609.35	$2,772.98
2nd payment	$0.00	$464.03	$0.00
Taxes / mo	$213.67	$213.67	$213.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$266.96	$266.96	$80.10
HOA / mo	$60.00	$60.00	$60.00
Total monthly	$2,299.97	$2,764.00	$3,276.75
Cash to close	$106,370	$44,500	$44,500