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	$113,681	$113,681	$252,000
Remaining term (yrs)	25.5	25.5	30.0
Secondary amount	$0	$138,319	$0
Funding fee	$0	$0	$0
Note rate	4.170%	4.170%	7.400%
Blended rate	5.020%	6.656%	7.640%
1st payment	$601.78	$601.78	$1,744.80
2nd payment	$0.00	$922.13	$0.00
Taxes / mo	$43.92	$43.92	$43.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$87.48	$87.48	$50.40
HOA / mo	$265.00	$265.00	$265.00
Total monthly	$1,148.17	$2,070.30	$2,254.11
Cash to close	$166,319	$28,000	$28,000