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	$134,862	$134,862	$251,100
Remaining term (yrs)	25.1	25.1	30.0
Secondary amount	$0	$116,238	$0
Funding fee	$0	$0	$0
Note rate	3.070%	3.070%	7.400%
Blended rate	3.920%	5.809%	7.640%
1st payment	$640.21	$640.21	$1,738.57
2nd payment	$0.00	$774.92	$0.00
Taxes / mo	$59.08	$59.08	$59.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$106.60	$106.60	$50.22
HOA / mo	$238.00	$238.00	$238.00
Total monthly	$1,193.90	$1,968.82	$2,235.87
Cash to close	$144,138	$27,900	$27,900