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	$69,571	$69,571	$287,910
Remaining term (yrs)	18.5	18.5	30.0
Secondary amount	$0	$218,339	$0
Funding fee	$0	$0	$0
Note rate	3.770%	3.770%	7.400%
Blended rate	4.620%	6.994%	7.640%
1st payment	$433.05	$433.05	$1,993.43
2nd payment	$0.00	$1,410.11	$0.00
Taxes / mo	$40.83	$40.83	$40.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$66.07	$66.07	$57.58
HOA / mo	$70.00	$70.00	$70.00
Total monthly	$759.95	$2,170.06	$2,311.85
Cash to close	$250,329	$31,990	$31,990