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	$195,880	$195,880	$339,300
Remaining term (yrs)	22.8	22.8	30.0
Secondary amount	$0	$143,420	$0
Funding fee	$0	$0	$0
Note rate	4.060%	4.060%	7.400%
Blended rate	4.910%	6.216%	7.640%
1st payment	$1,095.43	$1,095.43	$2,349.24
2nd payment	$0.00	$956.14	$0.00
Taxes / mo	$58.75	$58.75	$58.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$161.36	$161.36	$67.86
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,465.54	$2,421.67	$2,625.85
Cash to close	$181,120	$37,700	$37,700