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	$37,460	$37,460	$234,000
Remaining term (yrs)	13.9	13.9	30.0
Secondary amount	$0	$196,540	$0
Funding fee	$0	$0	$0
Note rate	4.560%	4.560%	7.400%
Blended rate	5.410%	7.585%	7.640%
1st payment	$302.08	$302.08	$1,620.17
2nd payment	$0.00	$1,310.27	$0.00
Taxes / mo	$55.42	$55.42	$55.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$41.93	$41.93	$46.80
HOA / mo	$245.00	$245.00	$245.00
Total monthly	$794.43	$2,104.70	$2,117.39
Cash to close	$222,540	$26,000	$26,000