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	$523,585	$523,585	$530,100
Remaining term (yrs)	27.3	27.3	30.0
Secondary amount	$0	$35,965	$0
Funding fee	$0	$0	$0
Note rate	6.820%	6.820%	7.400%
Blended rate	7.370%	7.660%	7.640%
1st payment	$3,521.43	$3,521.43	$3,670.31
2nd payment	$0.00	$355.90	$0.00
Taxes / mo	$245.42	$245.42	$245.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$247.07	$247.07	$106.02
HOA / mo	$19.00	$19.00	$19.00
Total monthly	$4,199.58	$4,555.48	$4,207.41
Cash to close	$65,415	$29,450	$58,900