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	$116,272	$116,272	$359,100
Remaining term (yrs)	16.6	16.6	30.0
Secondary amount	$0	$242,828	$0
Funding fee	$0	$0	$0
Note rate	3.450%	3.450%	7.400%
Blended rate	4.300%	6.633%	7.640%
1st payment	$762.42	$762.42	$2,486.34
2nd payment	$0.00	$1,568.27	$0.00
Taxes / mo	$196.25	$196.25	$196.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$121.02	$121.02	$71.82
HOA / mo	$135.00	$135.00	$135.00
Total monthly	$1,364.69	$2,932.96	$3,039.41
Cash to close	$282,728	$39,900	$39,900