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	$98,141	$98,141	$203,400
Remaining term (yrs)	16.2	16.2	30.0
Secondary amount	$0	$105,259	$0
Funding fee	$0	$0	$0
Note rate	3.340%	3.340%	7.400%
Blended rate	4.190%	6.162%	7.640%
1st payment	$650.34	$650.34	$1,408.30
2nd payment	$0.00	$701.72	$0.00
Taxes / mo	$55.82	$55.82	$55.82
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$104.66	$104.66	$40.68
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$960.82	$1,662.54	$1,654.80
Cash to close	$127,859	$22,600	$22,600