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	$77,418	$77,418	$171,000
Remaining term (yrs)	10.5	10.5	30.0
Secondary amount	$0	$93,582	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.350%	8.253%	7.640%
1st payment	$840.11	$840.11	$1,183.97
2nd payment	$0.00	$701.87	$0.00
Taxes / mo	$36.00	$36.00	$36.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$94.15	$94.15	$34.20
HOA / mo	$238.00	$238.00	$238.00
Total monthly	$1,358.26	$2,060.13	$1,642.17
Cash to close	$112,582	$19,000	$19,000