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	$93,525	$93,525	$377,910
Remaining term (yrs)	22.2	22.2	30.0
Secondary amount	$0	$284,385	$0
Funding fee	$0	$0	$0
Note rate	4.870%	4.870%	7.400%
Blended rate	5.720%	7.248%	7.640%
1st payment	$573.14	$573.14	$2,616.57
2nd payment	$0.00	$1,836.65	$0.00
Taxes / mo	$76.92	$76.92	$76.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$76.76	$76.76	$75.58
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$876.81	$2,713.46	$2,919.07
Cash to close	$326,375	$41,990	$41,990