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	$107,857	$107,857	$292,500
Remaining term (yrs)	20.3	20.3	30.0
Secondary amount	$0	$184,643	$0
Funding fee	$0	$0	$0
Note rate	4.130%	4.130%	7.400%
Blended rate	4.980%	6.886%	7.640%
1st payment	$652.33	$652.33	$2,025.21
2nd payment	$0.00	$1,230.95	$0.00
Taxes / mo	$58.25	$58.25	$58.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$95.28	$95.28	$58.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$955.87	$2,186.82	$2,291.96
Cash to close	$217,143	$32,500	$32,500