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	$107,899	$107,899	$522,000
Remaining term (yrs)	14.1	14.1	30.0
Secondary amount	$0	$414,101	$0
Funding fee	$0	$0	$0
Note rate	4.420%	4.420%	7.400%
Blended rate	5.270%	7.237%	7.640%
1st payment	$851.55	$851.55	$3,614.22
2nd payment	$0.00	$2,674.40	$0.00
Taxes / mo	$343.67	$343.67	$343.67
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$120.17	$120.17	$104.40
HOA / mo	$66.67	$66.67	$66.67
Total monthly	$1,548.72	$4,223.12	$4,295.63
Cash to close	$472,101	$58,000	$58,000