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	$149,182	$149,182	$179,100
Remaining term (yrs)	28.5	28.5	30.0
Secondary amount	$0	$29,918	$0
Funding fee	$0	$0	$0
Note rate	6.760%	6.760%	7.400%
Blended rate	7.310%	7.592%	7.640%
1st payment	$982.68	$982.68	$1,240.05
2nd payment	$0.00	$224.39	$0.00
Taxes / mo	$65.67	$65.67	$65.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$69.37	$69.37	$35.82
HOA / mo	$315.00	$315.00	$315.00
Total monthly	$1,582.72	$1,807.10	$1,806.54
Cash to close	$49,818	$19,900	$19,900