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	$191,988	$191,988	$346,499
Remaining term (yrs)	25.2	25.2	30.0
Secondary amount	$0	$154,511	$0
Funding fee	$0	$0	$0
Note rate	3.100%	3.100%	7.400%
Blended rate	3.950%	5.756%	7.640%
1st payment	$912.43	$912.43	$2,399.09
2nd payment	$0.00	$1,030.08	$0.00
Taxes / mo	$125.33	$125.33	$125.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$151.35	$151.35	$69.30
HOA / mo	$47.00	$47.00	$47.00
Total monthly	$1,386.11	$2,416.19	$2,790.72
Cash to close	$193,011	$38,500	$38,500