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	$197,999	$197,999	$297,000
Remaining term (yrs)	23.4	23.4	30.0
Secondary amount	$0	$99,001	$0
Funding fee	$0	$0	$0
Note rate	3.470%	3.470%	7.400%
Blended rate	4.320%	5.880%	7.640%
1st payment	$1,027.84	$1,027.84	$2,056.37
2nd payment	$0.00	$742.51	$0.00
Taxes / mo	$136.00	$136.00	$136.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$162.74	$162.74	$59.40
HOA / mo	$92.00	$92.00	$92.00
Total monthly	$1,568.58	$2,311.09	$2,493.77
Cash to close	$132,001	$33,000	$33,000