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	$154,359	$154,359	$269,100
Remaining term (yrs)	23.5	23.5	30.0
Secondary amount	$0	$114,741	$0
Funding fee	$0	$0	$0
Note rate	3.470%	3.470%	7.400%
Blended rate	4.320%	5.889%	7.640%
1st payment	$799.47	$799.47	$1,863.19
2nd payment	$0.00	$764.94	$0.00
Taxes / mo	$48.00	$48.00	$48.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$126.58	$126.58	$53.82
HOA / mo	$234.00	$234.00	$234.00
Total monthly	$1,358.05	$2,122.99	$2,349.01
Cash to close	$144,641	$29,900	$29,900