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	$93,609	$93,609	$337,500
Remaining term (yrs)	18.3	18.3	30.0
Secondary amount	$0	$243,891	$0
Funding fee	$0	$0	$0
Note rate	3.870%	3.870%	7.400%
Blended rate	4.720%	6.910%	7.640%
1st payment	$592.95	$592.95	$2,336.78
2nd payment	$0.00	$1,575.13	$0.00
Taxes / mo	$80.50	$80.50	$80.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$89.37	$89.37	$67.50
HOA / mo	$33.00	$33.00	$33.00
Total monthly	$945.82	$2,520.95	$2,667.78
Cash to close	$281,391	$37,500	$37,500