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	$174,308	$174,308	$224,100
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$49,792	$0
Funding fee	$0	$0	$0
Note rate	3.040%	3.040%	7.400%
Blended rate	3.890%	5.025%	7.640%
1st payment	$833.94	$833.94	$1,551.62
2nd payment	$0.00	$373.44	$0.00
Taxes / mo	$55.42	$55.42	$55.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$139.40	$139.40	$44.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,178.76	$1,552.20	$1,801.86
Cash to close	$74,692	$24,900	$24,900