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	$309,662	$309,662	$351,000
Remaining term (yrs)	27.0	27.0	30.0
Secondary amount	$0	$41,338	$0
Funding fee	$0	$0	$0
Note rate	7.200%	7.200%	7.400%
Blended rate	7.750%	8.162%	7.640%
1st payment	$2,166.10	$2,166.10	$2,430.25
2nd payment	$0.00	$310.04	$0.00
Taxes / mo	$125.50	$125.50	$125.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$226.04	$226.04	$70.20
HOA / mo	$28.00	$28.00	$28.00
Total monthly	$2,695.64	$3,005.68	$2,803.95
Cash to close	$80,338	$39,000	$39,000