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	$9,261	$9,261	$265,500
Remaining term (yrs)	1.5	1.5	30.0
Secondary amount	$0	$256,239	$0
Funding fee	$0	$0	$0
Note rate	5.600%	5.600%	7.400%
Blended rate	6.450%	7.705%	7.640%
1st payment	$510.50	$510.50	$1,838.27
2nd payment	$0.00	$1,654.88	$0.00
Taxes / mo	$36.83	$36.83	$36.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$62.99	$62.99	$53.10
HOA / mo	$70.00	$70.00	$70.00
Total monthly	$830.32	$2,485.20	$2,148.20
Cash to close	$285,739	$29,500	$29,500