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	$58,498	$58,498	$260,910
Remaining term (yrs)	16.1	16.1	30.0
Secondary amount	$0	$202,412	$0
Funding fee	$0	$0	$0
Note rate	3.370%	3.370%	7.400%
Blended rate	4.220%	6.959%	7.640%
1st payment	$390.00	$390.00	$1,806.49
2nd payment	$0.00	$1,307.25	$0.00
Taxes / mo	$83.58	$83.58	$83.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$62.53	$62.53	$52.18
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$686.11	$1,993.35	$2,092.25
Cash to close	$231,402	$28,990	$28,990