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	$219,889	$219,889	$327,599
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$107,710	$0
Funding fee	$0	$0	$0
Note rate	3.100%	3.100%	7.400%
Blended rate	3.950%	5.282%	7.640%
1st payment	$1,042.77	$1,042.77	$2,268.23
2nd payment	$0.00	$718.07	$0.00
Taxes / mo	$41.75	$41.75	$41.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$172.98	$172.98	$65.52
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,407.50	$2,125.56	$2,525.50
Cash to close	$144,110	$36,400	$36,400