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	$188,267	$188,267	$310,500
Remaining term (yrs)	22.9	22.9	30.0
Secondary amount	$0	$122,233	$0
Funding fee	$0	$0	$0
Note rate	3.770%	3.770%	7.400%
Blended rate	4.620%	5.951%	7.640%
1st payment	$1,021.08	$1,021.08	$2,149.84
2nd payment	$0.00	$814.88	$0.00
Taxes / mo	$84.67	$84.67	$84.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$155.79	$155.79	$62.10
HOA / mo	$69.67	$69.67	$69.67
Total monthly	$1,481.21	$2,296.10	$2,516.28
Cash to close	$156,733	$34,500	$34,500