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	$60,753	$60,753	$324,000
Remaining term (yrs)	16.8	16.8	30.0
Secondary amount	$0	$263,247	$0
Funding fee	$0	$0	$0
Note rate	4.510%	4.510%	7.400%
Blended rate	5.360%	7.302%	7.640%
1st payment	$428.36	$428.36	$2,243.31
2nd payment	$0.00	$1,700.13	$0.00
Taxes / mo	$88.42	$88.42	$88.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$59.81	$59.81	$64.80
HOA / mo	$93.00	$93.00	$93.00
Total monthly	$819.59	$2,519.72	$2,639.53
Cash to close	$299,247	$36,000	$36,000