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	$146,800	$146,800	$382,500
Remaining term (yrs)	21.0	21.0	30.0
Secondary amount	$0	$235,700	$0
Funding fee	$0	$0	$0
Note rate	3.940%	3.940%	7.400%
Blended rate	4.790%	6.614%	7.640%
1st payment	$852.96	$852.96	$2,648.35
2nd payment	$0.00	$1,522.23	$0.00
Taxes / mo	$186.25	$186.25	$186.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$127.47	$127.47	$76.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,316.68	$2,838.91	$3,061.10
Cash to close	$278,200	$42,500	$42,500