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	$154,733	$154,733	$355,500
Remaining term (yrs)	22.9	22.9	30.0
Secondary amount	$0	$200,767	$0
Funding fee	$0	$0	$0
Note rate	3.010%	3.010%	7.400%
Blended rate	3.860%	6.057%	7.640%
1st payment	$777.58	$777.58	$2,461.41
2nd payment	$0.00	$1,296.62	$0.00
Taxes / mo	$84.42	$84.42	$84.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$127.75	$127.75	$71.10
HOA / mo	$36.67	$36.67	$36.67
Total monthly	$1,176.42	$2,473.04	$2,803.60
Cash to close	$240,267	$39,500	$39,500