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	$215,802	$215,802	$346,500
Remaining term (yrs)	23.4	23.4	30.0
Secondary amount	$0	$130,698	$0
Funding fee	$0	$0	$0
Note rate	3.650%	3.650%	7.400%
Blended rate	4.500%	5.820%	7.640%
1st payment	$1,140.90	$1,140.90	$2,399.10
2nd payment	$0.00	$871.32	$0.00
Taxes / mo	$78.33	$78.33	$78.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$176.66	$176.66	$69.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,545.89	$2,417.21	$2,696.73
Cash to close	$169,198	$38,500	$38,500