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	$83,287	$83,287	$319,500
Remaining term (yrs)	17.6	17.6	30.0
Secondary amount	$0	$236,213	$0
Funding fee	$0	$0	$0
Note rate	4.340%	4.340%	7.400%
Blended rate	5.190%	7.083%	7.640%
1st payment	$561.45	$561.45	$2,212.15
2nd payment	$0.00	$1,525.54	$0.00
Taxes / mo	$70.92	$70.92	$70.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$79.98	$79.98	$63.90
HOA / mo	$33.33	$33.33	$33.33
Total monthly	$895.68	$2,421.22	$2,530.30
Cash to close	$271,713	$35,500	$35,500