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	$181,075	$181,075	$305,910
Remaining term (yrs)	22.9	22.9	30.0
Secondary amount	$0	$124,835	$0
Funding fee	$0	$0	$0
Note rate	3.750%	3.750%	7.400%
Blended rate	4.600%	5.987%	7.640%
1st payment	$980.14	$980.14	$2,118.06
2nd payment	$0.00	$832.23	$0.00
Taxes / mo	$95.58	$95.58	$95.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$149.91	$149.91	$61.18
HOA / mo	$67.00	$67.00	$67.00
Total monthly	$1,442.63	$2,274.87	$2,491.82
Cash to close	$158,825	$33,990	$33,990