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	$125,171	$125,171	$269,100
Remaining term (yrs)	19.9	19.9	30.0
Secondary amount	$0	$143,929	$0
Funding fee	$0	$0	$0
Note rate	3.440%	3.440%	7.400%
Blended rate	4.290%	6.274%	7.640%
1st payment	$722.09	$722.09	$1,863.19
2nd payment	$0.00	$959.53	$0.00
Taxes / mo	$40.00	$40.00	$40.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$114.76	$114.76	$53.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,026.84	$1,986.37	$2,107.01
Cash to close	$173,829	$29,900	$29,900