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	$407,525	$407,525	$472,499
Remaining term (yrs)	28.4	28.4	30.0
Secondary amount	$0	$64,974	$0
Funding fee	$0	$0	$0
Note rate	6.760%	6.760%	7.400%
Blended rate	7.310%	7.542%	7.640%
1st payment	$2,689.57	$2,689.57	$3,271.49
2nd payment	$0.00	$487.30	$0.00
Taxes / mo	$168.33	$168.33	$168.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$189.86	$189.86	$94.50
HOA / mo	$60.33	$60.33	$60.33
Total monthly	$3,274.76	$3,762.06	$3,761.32
Cash to close	$117,474	$52,500	$52,500