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	$149,353	$149,353	$370,800
Remaining term (yrs)	18.4	18.4	30.0
Secondary amount	$0	$221,447	$0
Funding fee	$0	$0	$0
Note rate	3.670%	3.670%	7.400%
Blended rate	4.520%	6.449%	7.640%
1st payment	$927.78	$927.78	$2,567.34
2nd payment	$0.00	$1,430.18	$0.00
Taxes / mo	$134.08	$134.08	$134.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$143.31	$143.31	$74.16
HOA / mo	$30.00	$30.00	$30.00
Total monthly	$1,385.17	$2,815.35	$2,955.59
Cash to close	$262,647	$41,200	$41,200