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	$429,231	$429,231	$510,300
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$81,069	$0
Funding fee	$0	$0	$0
Note rate	6.360%	6.360%	7.400%
Blended rate	7.210%	7.494%	7.640%
1st payment	$2,798.82	$2,798.82	$3,533.21
2nd payment	$0.00	$608.02	$0.00
Taxes / mo	$274.58	$274.58	$274.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$318.27	$318.27	$102.06
HOA / mo	$126.00	$126.00	$126.00
Total monthly	$3,684.34	$4,292.36	$4,202.52
Cash to close	$137,769	$56,700	$56,700