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	$70,706	$70,706	$333,000
Remaining term (yrs)	12.6	12.6	30.0
Secondary amount	$0	$262,294	$0
Funding fee	$0	$0	$0
Note rate	4.820%	4.820%	7.400%
Blended rate	5.670%	7.308%	7.640%
1st payment	$619.48	$619.48	$2,305.62
2nd payment	$0.00	$1,693.98	$0.00
Taxes / mo	$100.17	$100.17	$100.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$83.44	$83.44	$66.60
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$953.09	$2,647.07	$2,622.39
Cash to close	$299,294	$37,000	$37,000