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	$142,142	$142,142	$283,500
Remaining term (yrs)	23.0	23.0	30.0
Secondary amount	$0	$141,358	$0
Funding fee	$0	$0	$0
Note rate	3.560%	3.560%	7.400%
Blended rate	4.410%	6.200%	7.640%
1st payment	$751.52	$751.52	$1,962.90
2nd payment	$0.00	$942.39	$0.00
Taxes / mo	$39.42	$39.42	$39.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$117.67	$117.67	$56.70
HOA / mo	$335.00	$335.00	$335.00
Total monthly	$1,393.60	$2,335.99	$2,544.01
Cash to close	$172,858	$31,500	$31,500