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	$337,035	$337,035	$350,910
Remaining term (yrs)	26.7	26.7	30.0
Secondary amount	$0	$33,370	$0
Funding fee	$0	$0	$0
Note rate	6.430%	6.430%	7.400%
Blended rate	6.980%	7.421%	7.640%
1st payment	$2,199.49	$2,199.49	$2,429.63
2nd payment	$0.00	$330.22	$0.00
Taxes / mo	$79.50	$79.50	$79.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$160.66	$160.66	$70.18
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,589.66	$2,919.88	$2,729.31
Cash to close	$52,865	$19,495	$38,990