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	$17,207	$17,207	$220,500
Remaining term (yrs)	25.2	25.2	30.0
Secondary amount	$0	$203,293	$0
Funding fee	$0	$0	$0
Note rate	3.110%	3.110%	7.400%
Blended rate	3.960%	7.454%	7.640%
1st payment	$81.87	$81.87	$1,526.70
2nd payment	$0.00	$1,312.93	$0.00
Taxes / mo	$32.92	$32.92	$32.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$13.56	$13.56	$44.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$278.35	$1,591.28	$1,753.71
Cash to close	$227,793	$24,500	$24,500