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	$141,942	$141,942	$315,000
Remaining term (yrs)	20.5	20.5	30.0
Secondary amount	$0	$173,058	$0
Funding fee	$0	$0	$0
Note rate	3.170%	3.170%	7.400%
Blended rate	4.020%	6.207%	7.640%
1st payment	$780.89	$780.89	$2,181.00
2nd payment	$0.00	$1,153.72	$0.00
Taxes / mo	$146.08	$146.08	$146.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$117.45	$117.45	$63.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,194.42	$2,348.14	$2,540.08
Cash to close	$208,058	$35,000	$35,000