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	$146,317	$146,317	$283,050
Remaining term (yrs)	21.0	21.0	30.0
Secondary amount	$0	$136,733	$0
Funding fee	$0	$0	$0
Note rate	3.900%	3.900%	7.400%
Blended rate	4.750%	6.320%	7.640%
1st payment	$847.05	$847.05	$1,959.78
2nd payment	$0.00	$911.55	$0.00
Taxes / mo	$171.08	$171.08	$171.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$127.21	$127.21	$56.61
HOA / mo	$98.00	$98.00	$98.00
Total monthly	$1,393.34	$2,304.89	$2,435.47
Cash to close	$168,183	$31,450	$31,450