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	$264,946	$264,946	$279,000
Remaining term (yrs)	29.1	29.1	30.0
Secondary amount	$0	$29,554	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.050%	7.534%	7.640%
1st payment	$1,688.68	$1,688.68	$1,931.74
2nd payment	$0.00	$292.47	$0.00
Taxes / mo	$56.17	$56.17	$56.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$122.45	$122.45	$55.80
HOA / mo	$185.00	$185.00	$185.00
Total monthly	$2,202.30	$2,494.76	$2,378.71
Cash to close	$45,054	$15,500	$31,000