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	$42,458	$42,458	$197,100
Remaining term (yrs)	13.3	13.3	30.0
Secondary amount	$0	$154,642	$0
Funding fee	$0	$0	$0
Note rate	4.940%	4.940%	7.400%
Blended rate	5.790%	7.524%	7.640%
1st payment	$361.22	$361.22	$1,364.68
2nd payment	$0.00	$1,030.94	$0.00
Taxes / mo	$57.67	$57.67	$57.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$47.99	$47.99	$39.42
HOA / mo	$380.00	$380.00	$380.00
Total monthly	$996.87	$2,027.82	$1,991.77
Cash to close	$176,542	$21,900	$21,900