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	$163,263	$163,263	$346,500
Remaining term (yrs)	20.9	20.9	30.0
Secondary amount	$0	$183,237	$0
Funding fee	$0	$0	$0
Note rate	3.920%	3.920%	7.400%
Blended rate	4.770%	6.478%	7.640%
1st payment	$951.71	$951.71	$2,399.10
2nd payment	$0.00	$1,221.58	$0.00
Taxes / mo	$56.08	$56.08	$56.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$142.58	$142.58	$69.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,300.37	$2,521.95	$2,674.48
Cash to close	$221,737	$38,500	$38,500