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	$121,795	$121,795	$373,500
Remaining term (yrs)	26.2	26.2	30.0
Secondary amount	$0	$251,705	$0
Funding fee	$0	$0	$0
Note rate	6.810%	6.810%	7.400%
Blended rate	7.660%	7.721%	7.640%
1st payment	$830.01	$830.01	$2,586.04
2nd payment	$0.00	$1,625.59	$0.00
Taxes / mo	$176.08	$176.08	$176.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$90.09	$90.09	$74.70
HOA / mo	$92.00	$92.00	$92.00
Total monthly	$1,338.19	$2,963.78	$3,078.82
Cash to close	$293,205	$41,500	$41,500