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	$71,106	$71,106	$305,100
Remaining term (yrs)	18.4	18.4	30.0
Secondary amount	$0	$233,994	$0
Funding fee	$0	$0	$0
Note rate	4.400%	4.400%	7.400%
Blended rate	5.250%	7.167%	7.640%
1st payment	$468.71	$468.71	$2,112.45
2nd payment	$0.00	$1,511.21	$0.00
Taxes / mo	$65.92	$65.92	$65.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$66.30	$66.30	$61.02
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$750.92	$2,262.13	$2,389.39
Cash to close	$267,894	$33,900	$33,900