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	$119,329	$119,329	$314,910
Remaining term (yrs)	18.1	18.1	30.0
Secondary amount	$0	$195,581	$0
Funding fee	$0	$0	$0
Note rate	4.010%	4.010%	7.400%
Blended rate	4.860%	6.810%	7.640%
1st payment	$769.23	$769.23	$2,180.37
2nd payment	$0.00	$1,303.88	$0.00
Taxes / mo	$128.08	$128.08	$128.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$113.99	$113.99	$62.98
HOA / mo	$75.00	$75.00	$75.00
Total monthly	$1,236.31	$2,540.18	$2,596.44
Cash to close	$230,571	$34,990	$34,990