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	$119,844	$119,844	$251,910
Remaining term (yrs)	21.5	21.5	30.0
Secondary amount	$0	$132,066	$0
Funding fee	$0	$0	$0
Note rate	4.380%	4.380%	7.400%
Blended rate	5.230%	6.682%	7.640%
1st payment	$716.17	$716.17	$1,744.17
2nd payment	$0.00	$880.44	$0.00
Taxes / mo	$46.58	$46.58	$46.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$101.54	$101.54	$50.38
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,014.30	$1,894.74	$1,991.14
Cash to close	$160,056	$27,990	$27,990