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	$410,420	$410,420	$502,200
Remaining term (yrs)	27.5	27.5	30.0
Secondary amount	$0	$91,780	$0
Funding fee	$0	$0	$0
Note rate	6.820%	6.820%	7.400%
Blended rate	7.370%	7.668%	7.640%
1st payment	$2,751.82	$2,751.82	$3,477.13
2nd payment	$0.00	$688.35	$0.00
Taxes / mo	$178.75	$178.75	$178.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$193.07	$193.07	$100.44
HOA / mo	$99.00	$99.00	$99.00
Total monthly	$3,389.30	$4,077.65	$4,021.99
Cash to close	$147,580	$55,800	$55,800