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	$80,156	$80,156	$225,000
Remaining term (yrs)	18.6	18.6	30.0
Secondary amount	$0	$144,844	$0
Funding fee	$0	$0	$0
Note rate	3.770%	3.770%	7.400%
Blended rate	4.620%	6.796%	7.640%
1st payment	$497.41	$497.41	$1,557.85
2nd payment	$0.00	$965.63	$0.00
Taxes / mo	$184.67	$184.67	$184.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$75.89	$75.89	$45.00
HOA / mo	$130.00	$130.00	$130.00
Total monthly	$1,037.97	$2,003.59	$2,067.52
Cash to close	$169,844	$25,000	$25,000