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	$198,171	$198,171	$342,000
Remaining term (yrs)	24.6	24.6	30.0
Secondary amount	$0	$143,829	$0
Funding fee	$0	$0	$0
Note rate	3.060%	3.060%	7.400%
Blended rate	3.910%	5.630%	7.640%
1st payment	$952.32	$952.32	$2,367.94
2nd payment	$0.00	$958.86	$0.00
Taxes / mo	$74.58	$74.58	$74.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$158.78	$158.78	$68.40
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,335.68	$2,294.53	$2,660.92
Cash to close	$181,829	$38,000	$38,000