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	$97,798	$97,798	$315,000
Remaining term (yrs)	11.3	11.3	30.0
Secondary amount	$0	$217,202	$0
Funding fee	$0	$0	$0
Note rate	5.640%	5.640%	7.400%
Blended rate	6.490%	7.359%	7.640%
1st payment	$969.79	$969.79	$2,181.00
2nd payment	$0.00	$1,402.77	$0.00
Taxes / mo	$95.58	$95.58	$95.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$119.13	$119.13	$63.00
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$1,434.51	$2,837.27	$2,589.58
Cash to close	$252,202	$35,000	$35,000