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	$87,980	$87,980	$259,200
Remaining term (yrs)	18.8	18.8	30.0
Secondary amount	$0	$171,220	$0
Funding fee	$0	$0	$0
Note rate	4.000%	4.000%	7.400%
Blended rate	4.850%	6.931%	7.640%
1st payment	$553.14	$553.14	$1,794.65
2nd payment	$0.00	$1,141.47	$0.00
Taxes / mo	$56.00	$56.00	$56.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$82.07	$82.07	$51.84
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$841.21	$1,982.68	$2,052.49
Cash to close	$200,020	$28,800	$28,800