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	$176,639	$176,639	$292,500
Remaining term (yrs)	23.3	23.3	30.0
Secondary amount	$0	$115,861	$0
Funding fee	$0	$0	$0
Note rate	3.730%	3.730%	7.400%
Blended rate	4.580%	5.935%	7.640%
1st payment	$943.51	$943.51	$2,025.21
2nd payment	$0.00	$772.41	$0.00
Taxes / mo	$83.33	$83.33	$83.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$144.66	$144.66	$58.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,321.51	$2,093.92	$2,317.04
Cash to close	$148,361	$32,500	$32,500