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	$133,185	$133,185	$356,400
Remaining term (yrs)	24.6	24.6	30.0
Secondary amount	$0	$223,215	$0
Funding fee	$0	$0	$0
Note rate	3.080%	3.080%	7.400%
Blended rate	3.930%	6.322%	7.640%
1st payment	$641.41	$641.41	$2,467.64
2nd payment	$0.00	$1,441.60	$0.00
Taxes / mo	$134.58	$134.58	$134.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$106.67	$106.67	$71.28
HOA / mo	$53.00	$53.00	$53.00
Total monthly	$1,085.66	$2,527.26	$2,876.50
Cash to close	$262,815	$39,600	$39,600