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	$185,585	$185,585	$296,999
Remaining term (yrs)	23.5	23.5	30.0
Secondary amount	$0	$111,414	$0
Funding fee	$0	$0	$0
Note rate	3.330%	3.330%	7.400%
Blended rate	4.180%	5.613%	7.640%
1st payment	$945.30	$945.30	$2,056.36
2nd payment	$0.00	$742.76	$0.00
Taxes / mo	$62.83	$62.83	$62.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$152.32	$152.32	$59.40
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,310.45	$2,053.22	$2,328.59
Cash to close	$144,414	$33,000	$33,000