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	$394,128	$394,128	$449,100
Remaining term (yrs)	26.9	26.9	30.0
Secondary amount	$0	$54,972	$0
Funding fee	$0	$0	$0
Note rate	7.190%	7.190%	7.400%
Blended rate	7.740%	7.894%	7.640%
1st payment	$2,759.87	$2,759.87	$3,109.48
2nd payment	$0.00	$412.29	$0.00
Taxes / mo	$210.75	$210.75	$210.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$186.54	$186.54	$89.82
HOA / mo	$95.00	$95.00	$95.00
Total monthly	$3,418.83	$3,831.12	$3,671.71
Cash to close	$104,872	$49,900	$49,900