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	$124,289	$124,289	$432,000
Remaining term (yrs)	16.1	16.1	30.0
Secondary amount	$0	$307,711	$0
Funding fee	$0	$0	$0
Note rate	3.840%	3.840%	7.400%
Blended rate	4.690%	6.870%	7.640%
1st payment	$857.78	$857.78	$2,991.08
2nd payment	$0.00	$1,987.30	$0.00
Taxes / mo	$184.92	$184.92	$184.92
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$129.76	$129.76	$86.40
HOA / mo	$125.00	$125.00	$125.00
Total monthly	$1,464.12	$3,451.42	$3,554.06
Cash to close	$355,711	$48,000	$48,000