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	$213,988	$213,988	$350,910
Remaining term (yrs)	23.4	23.4	30.0
Secondary amount	$0	$136,922	$0
Funding fee	$0	$0	$0
Note rate	3.450%	3.450%	7.400%
Blended rate	4.300%	5.744%	7.640%
1st payment	$1,108.58	$1,108.58	$2,429.63
2nd payment	$0.00	$912.81	$0.00
Taxes / mo	$177.67	$177.67	$177.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$175.96	$175.96	$70.18
HOA / mo	$92.00	$92.00	$92.00
Total monthly	$1,704.21	$2,617.02	$2,919.48
Cash to close	$175,912	$38,990	$38,990