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	$145,429	$145,429	$305,999
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$160,570	$0
Funding fee	$0	$0	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.870%	6.037%	7.640%
1st payment	$699.01	$699.01	$2,118.68
2nd payment	$0.00	$1,070.47	$0.00
Taxes / mo	$67.83	$67.83	$67.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$117.14	$117.14	$61.20
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,033.98	$2,104.45	$2,397.71
Cash to close	$194,570	$34,000	$34,000