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	$389,252	$389,252	$418,500
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$29,248	$0
Funding fee	$0	$0	$0
Note rate	6.360%	6.360%	7.400%
Blended rate	7.210%	7.056%	7.640%
1st payment	$2,538.14	$2,538.14	$2,897.61
2nd payment	$0.00	$219.36	$0.00
Taxes / mo	$141.67	$141.67	$141.67
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$186.76	$186.76	$83.70
HOA / mo	$69.33	$69.33	$69.33
Total monthly	$3,102.56	$3,321.92	$3,358.97
Cash to close	$75,748	$46,500	$46,500