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	$186,041	$186,041	$358,200
Remaining term (yrs)	25.4	25.4	30.0
Secondary amount	$0	$172,159	$0
Funding fee	$0	$0	$0
Note rate	3.450%	3.450%	7.400%
Blended rate	4.300%	6.078%	7.640%
1st payment	$914.95	$914.95	$2,480.10
2nd payment	$0.00	$1,147.73	$0.00
Taxes / mo	$266.83	$266.83	$266.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$145.23	$145.23	$71.64
HOA / mo	$125.00	$125.00	$125.00
Total monthly	$1,602.01	$2,749.73	$3,093.58
Cash to close	$211,959	$39,800	$39,800