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	$173,564	$173,564	$261,000
Remaining term (yrs)	23.5	23.5	30.0
Secondary amount	$0	$87,436	$0
Funding fee	$0	$0	$0
Note rate	3.290%	3.290%	7.400%
Blended rate	4.140%	5.768%	7.640%
1st payment	$880.43	$880.43	$1,807.11
2nd payment	$0.00	$655.77	$0.00
Taxes / mo	$129.58	$129.58	$129.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$142.58	$142.58	$52.20
HOA / mo	$283.00	$283.00	$283.00
Total monthly	$1,585.60	$2,241.36	$2,421.89
Cash to close	$116,436	$29,000	$29,000