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	$167,585	$167,585	$283,500
Remaining term (yrs)	23.1	23.1	30.0
Secondary amount	$0	$115,915	$0
Funding fee	$0	$0	$0
Note rate	3.780%	3.780%	7.400%
Blended rate	4.630%	6.008%	7.640%
1st payment	$903.67	$903.67	$1,962.90
2nd payment	$0.00	$772.77	$0.00
Taxes / mo	$176.08	$176.08	$176.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$137.71	$137.71	$56.70
HOA / mo	$137.00	$137.00	$137.00
Total monthly	$1,504.46	$2,277.23	$2,482.68
Cash to close	$147,415	$31,500	$31,500