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	$107,761	$107,761	$198,000
Remaining term (yrs)	21.5	21.5	30.0
Secondary amount	$0	$90,239	$0
Funding fee	$0	$0	$0
Note rate	4.460%	4.460%	7.400%
Blended rate	5.310%	6.992%	7.640%
1st payment	$648.68	$648.68	$1,370.91
2nd payment	$0.00	$676.79	$0.00
Taxes / mo	$38.17	$38.17	$38.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$91.11	$91.11	$39.60
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$927.96	$1,604.75	$1,598.68
Cash to close	$112,239	$22,000	$22,000