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	$41,738	$41,738	$341,910
Remaining term (yrs)	12.8	12.8	30.0
Secondary amount	$0	$300,172	$0
Funding fee	$0	$0	$0
Note rate	4.860%	4.860%	7.400%
Blended rate	5.710%	7.501%	7.640%
1st payment	$363.11	$363.11	$2,367.32
2nd payment	$0.00	$1,938.61	$0.00
Taxes / mo	$117.83	$117.83	$117.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$48.69	$48.69	$68.38
HOA / mo	$67.00	$67.00	$67.00
Total monthly	$746.63	$2,685.24	$2,770.53
Cash to close	$338,162	$37,990	$37,990