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	$171,250	$171,250	$342,000
Remaining term (yrs)	21.2	21.2	30.0
Secondary amount	$0	$170,750	$0
Funding fee	$0	$0	$0
Note rate	3.900%	3.900%	7.400%
Blended rate	4.750%	6.373%	7.640%
1st payment	$986.40	$986.40	$2,367.94
2nd payment	$0.00	$1,138.33	$0.00
Taxes / mo	$197.42	$197.42	$197.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$148.13	$148.13	$68.40
HOA / mo	$98.00	$98.00	$98.00
Total monthly	$1,579.96	$2,718.29	$2,881.76
Cash to close	$208,750	$38,000	$38,000