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	$152,855	$152,855	$338,400
Remaining term (yrs)	21.2	21.2	30.0
Secondary amount	$0	$185,545	$0
Funding fee	$0	$0	$0
Note rate	3.920%	3.920%	7.400%
Blended rate	4.770%	6.541%	7.640%
1st payment	$882.07	$882.07	$2,343.01
2nd payment	$0.00	$1,236.96	$0.00
Taxes / mo	$138.92	$138.92	$138.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$132.15	$132.15	$67.68
HOA / mo	$66.00	$66.00	$66.00
Total monthly	$1,369.14	$2,606.10	$2,765.61
Cash to close	$223,145	$37,600	$37,600