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	$328,210	$328,210	$414,000
Remaining term (yrs)	28.4	28.4	30.0
Secondary amount	$0	$85,790	$0
Funding fee	$0	$0	$0
Note rate	6.650%	6.650%	7.400%
Blended rate	7.200%	7.573%	7.640%
1st payment	$2,142.49	$2,142.49	$2,866.45
2nd payment	$0.00	$643.43	$0.00
Taxes / mo	$219.58	$219.58	$219.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$152.96	$152.96	$82.80
HOA / mo	$109.00	$109.00	$109.00
Total monthly	$2,790.71	$3,434.13	$3,444.50
Cash to close	$131,790	$46,000	$46,000