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	$84,195	$84,195	$338,400
Remaining term (yrs)	12.0	12.0	30.0
Secondary amount	$0	$254,205	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.350%	7.650%	7.640%
1st payment	$835.94	$835.94	$2,343.01
2nd payment	$0.00	$1,641.74	$0.00
Taxes / mo	$108.25	$108.25	$108.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$93.68	$93.68	$67.68
HOA / mo	$365.00	$365.00	$365.00
Total monthly	$1,552.87	$3,194.61	$3,033.94
Cash to close	$291,805	$37,600	$37,600