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	$163,772	$163,772	$400,500
Remaining term (yrs)	19.7	19.7	30.0
Secondary amount	$0	$236,728	$0
Funding fee	$0	$0	$0
Note rate	2.940%	2.940%	7.400%
Blended rate	3.790%	6.131%	7.640%
1st payment	$908.94	$908.94	$2,772.98
2nd payment	$0.00	$1,528.87	$0.00
Taxes / mo	$79.42	$79.42	$79.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$136.67	$136.67	$80.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,275.03	$2,803.90	$3,082.50
Cash to close	$281,228	$44,500	$44,500