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	$101,647	$101,647	$157,500
Remaining term (yrs)	23.2	23.2	30.0
Secondary amount	$0	$55,853	$0
Funding fee	$0	$0	$0
Note rate	3.690%	3.690%	7.400%
Blended rate	4.540%	6.122%	7.640%
1st payment	$541.99	$541.99	$1,090.50
2nd payment	$0.00	$418.89	$0.00
Taxes / mo	$23.42	$23.42	$23.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$83.51	$83.51	$31.50
HOA / mo	$217.00	$217.00	$217.00
Total monthly	$1,015.91	$1,434.81	$1,512.41
Cash to close	$73,353	$17,500	$17,500