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	$88,590	$88,590	$319,500
Remaining term (yrs)	17.7	17.7	30.0
Secondary amount	$0	$230,910	$0
Funding fee	$0	$0	$0
Note rate	4.410%	4.410%	7.400%
Blended rate	5.260%	7.060%	7.640%
1st payment	$598.60	$598.60	$2,212.15
2nd payment	$0.00	$1,491.29	$0.00
Taxes / mo	$103.00	$103.00	$103.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$84.57	$84.57	$63.90
HOA / mo	$85.00	$85.00	$85.00
Total monthly	$1,021.17	$2,512.47	$2,614.05
Cash to close	$266,410	$35,500	$35,500