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	$302,964	$302,964	$375,300
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$72,336	$0
Funding fee	$0	$0	$0
Note rate	6.360%	6.360%	7.400%
Blended rate	7.210%	7.555%	7.640%
1st payment	$1,975.49	$1,975.49	$2,598.50
2nd payment	$0.00	$542.52	$0.00
Taxes / mo	$120.50	$120.50	$120.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$224.65	$224.65	$75.06
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,470.63	$3,013.16	$2,944.06
Cash to close	$114,036	$41,700	$41,700