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	$162,105	$162,105	$346,500
Remaining term (yrs)	19.6	19.6	30.0
Secondary amount	$0	$184,395	$0
Funding fee	$0	$0	$0
Note rate	3.730%	3.730%	7.400%
Blended rate	4.580%	6.400%	7.640%
1st payment	$967.60	$967.60	$2,399.10
2nd payment	$0.00	$1,229.30	$0.00
Taxes / mo	$121.50	$121.50	$121.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$148.36	$148.36	$69.30
HOA / mo	$124.00	$124.00	$124.00
Total monthly	$1,511.45	$2,740.75	$2,863.90
Cash to close	$222,895	$38,500	$38,500