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	$67,198	$67,198	$360,000
Remaining term (yrs)	14.1	14.1	30.0
Secondary amount	$0	$292,802	$0
Funding fee	$0	$0	$0
Note rate	4.190%	4.190%	7.400%
Blended rate	5.040%	7.244%	7.640%
1st payment	$522.56	$522.56	$2,492.57
2nd payment	$0.00	$1,891.02	$0.00
Taxes / mo	$101.58	$101.58	$101.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$75.78	$75.78	$72.00
HOA / mo	$80.00	$80.00	$80.00
Total monthly	$929.92	$2,820.94	$2,896.15
Cash to close	$332,802	$40,000	$40,000