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	$163,316	$163,316	$197,991
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$34,675	$0
Funding fee	$0	$0	$0
Note rate	3.080%	3.080%	7.400%
Blended rate	3.930%	4.818%	7.640%
1st payment	$788.29	$788.29	$1,370.85
2nd payment	$0.00	$260.07	$0.00
Taxes / mo	$88.58	$88.58	$88.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$131.09	$131.09	$39.60
HOA / mo	$57.00	$57.00	$57.00
Total monthly	$1,214.97	$1,475.04	$1,706.03
Cash to close	$56,674	$21,999	$21,999