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	$290,880	$290,880	$405,000
Remaining term (yrs)	27.3	27.3	30.0
Secondary amount	$0	$114,120	$0
Funding fee	$0	$0	$0
Note rate	6.820%	6.820%	7.400%
Blended rate	7.370%	7.548%	7.640%
1st payment	$1,956.34	$1,956.34	$2,804.14
2nd payment	$0.00	$760.80	$0.00
Taxes / mo	$123.17	$123.17	$123.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$137.26	$137.26	$81.00
HOA / mo	$36.00	$36.00	$36.00
Total monthly	$2,402.77	$3,163.57	$3,194.30
Cash to close	$159,120	$45,000	$45,000