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	$110,056	$110,056	$337,500
Remaining term (yrs)	18.8	18.8	30.0
Secondary amount	$0	$227,444	$0
Funding fee	$0	$0	$0
Note rate	4.080%	4.080%	7.400%
Blended rate	4.930%	6.830%	7.640%
1st payment	$696.54	$696.54	$2,336.78
2nd payment	$0.00	$1,468.91	$0.00
Taxes / mo	$130.00	$130.00	$130.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$102.35	$102.35	$67.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,078.89	$2,547.80	$2,684.28
Cash to close	$264,944	$37,500	$37,500