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	$189,857	$189,857	$382,500
Remaining term (yrs)	21.0	21.0	30.0
Secondary amount	$0	$192,643	$0
Funding fee	$0	$0	$0
Note rate	3.890%	3.890%	7.400%
Blended rate	4.740%	6.382%	7.640%
1st payment	$1,100.90	$1,100.90	$2,648.35
2nd payment	$0.00	$1,284.29	$0.00
Taxes / mo	$80.83	$80.83	$80.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$165.53	$165.53	$76.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,497.26	$2,781.55	$2,955.69
Cash to close	$235,143	$42,500	$42,500