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	$159,476	$159,476	$359,100
Remaining term (yrs)	19.6	19.6	30.0
Secondary amount	$0	$199,624	$0
Funding fee	$0	$0	$0
Note rate	3.710%	3.710%	7.400%
Blended rate	4.560%	6.472%	7.640%
1st payment	$950.25	$950.25	$2,486.34
2nd payment	$0.00	$1,330.83	$0.00
Taxes / mo	$123.17	$123.17	$123.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$146.06	$146.06	$71.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,369.47	$2,700.30	$2,831.32
Cash to close	$239,524	$39,900	$39,900