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	$195,284	$195,284	$355,499
Remaining term (yrs)	21.7	21.7	30.0
Secondary amount	$0	$160,215	$0
Funding fee	$0	$0	$0
Note rate	4.590%	4.590%	7.400%
Blended rate	5.440%	6.594%	7.640%
1st payment	$1,181.51	$1,181.51	$2,461.40
2nd payment	$0.00	$1,068.10	$0.00
Taxes / mo	$128.83	$128.83	$128.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$163.44	$163.44	$71.10
HOA / mo	$76.00	$76.00	$76.00
Total monthly	$1,699.79	$2,767.89	$2,887.34
Cash to close	$199,715	$39,500	$39,500