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	$165,265	$165,265	$323,910
Remaining term (yrs)	22.5	22.5	30.0
Secondary amount	$0	$158,645	$0
Funding fee	$0	$0	$0
Note rate	4.410%	4.410%	7.400%
Blended rate	5.260%	6.602%	7.640%
1st payment	$964.13	$964.13	$2,242.69
2nd payment	$0.00	$1,057.63	$0.00
Taxes / mo	$78.33	$78.33	$78.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$136.22	$136.22	$64.78
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,328.69	$2,386.32	$2,535.80
Cash to close	$194,635	$35,990	$35,990