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	$83,171	$83,171	$391,500
Remaining term (yrs)	16.1	16.1	30.0
Secondary amount	$0	$308,329	$0
Funding fee	$0	$0	$0
Note rate	3.410%	3.410%	7.400%
Blended rate	4.260%	7.009%	7.640%
1st payment	$556.14	$556.14	$2,710.67
2nd payment	$0.00	$1,991.29	$0.00
Taxes / mo	$152.00	$152.00	$152.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$88.72	$88.72	$78.30
HOA / mo	$55.00	$55.00	$55.00
Total monthly	$1,001.86	$2,993.15	$3,145.97
Cash to close	$351,829	$43,500	$43,500