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	$143,159	$143,159	$229,500
Remaining term (yrs)	23.4	23.4	30.0
Secondary amount	$0	$86,341	$0
Funding fee	$0	$0	$0
Note rate	3.650%	3.650%	7.400%
Blended rate	4.500%	6.193%	7.640%
1st payment	$756.85	$756.85	$1,589.01
2nd payment	$0.00	$647.56	$0.00
Taxes / mo	$55.75	$55.75	$55.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$117.19	$117.19	$45.90
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,079.79	$1,727.35	$1,840.66
Cash to close	$111,841	$25,500	$25,500