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	$125,153	$125,153	$143,996
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$26,843	$0
Funding fee	$0	$0	$0
Note rate	3.000%	3.000%	7.400%
Blended rate	3.850%	5.267%	7.640%
1st payment	$600.25	$600.25	$997.00
2nd payment	$0.00	$265.63	$0.00
Taxes / mo	$33.08	$33.08	$33.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$100.85	$100.85	$28.80
HOA / mo	$230.00	$230.00	$230.00
Total monthly	$1,114.18	$1,379.81	$1,438.88
Cash to close	$34,842	$8,000	$16,000