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	$134,138	$134,138	$151,200
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$25,462	$0
Funding fee	$0	$0	$0
Note rate	3.230%	3.230%	7.400%
Blended rate	4.080%	5.324%	7.640%
1st payment	$673.08	$673.08	$1,046.88
2nd payment	$0.00	$251.97	$0.00
Taxes / mo	$45.08	$45.08	$45.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$109.83	$109.83	$30.24
HOA / mo	$141.00	$141.00	$141.00
Total monthly	$1,118.99	$1,370.96	$1,413.20
Cash to close	$33,862	$8,400	$16,800