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	$89,548	$89,548	$324,000
Remaining term (yrs)	16.6	16.6	30.0
Secondary amount	$0	$234,452	$0
Funding fee	$0	$0	$0
Note rate	3.450%	3.450%	7.400%
Blended rate	4.300%	6.796%	7.640%
1st payment	$587.19	$587.19	$2,243.31
2nd payment	$0.00	$1,514.17	$0.00
Taxes / mo	$99.75	$99.75	$99.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$93.20	$93.20	$64.80
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$930.14	$2,444.31	$2,557.86
Cash to close	$270,452	$36,000	$36,000