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	$69,809	$69,809	$202,500
Remaining term (yrs)	21.0	21.0	30.0
Secondary amount	$0	$132,691	$0
Funding fee	$0	$0	$0
Note rate	3.810%	3.810%	7.400%
Blended rate	4.660%	6.849%	7.640%
1st payment	$400.81	$400.81	$1,402.07
2nd payment	$0.00	$884.60	$0.00
Taxes / mo	$25.42	$25.42	$25.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$60.86	$60.86	$40.50
HOA / mo	$221.00	$221.00	$221.00
Total monthly	$858.08	$1,742.69	$1,838.99
Cash to close	$155,191	$22,500	$22,500