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	$425,905	$425,905	$486,000
Remaining term (yrs)	26.7	26.7	30.0
Secondary amount	$0	$60,095	$0
Funding fee	$0	$0	$0
Note rate	6.810%	6.810%	7.400%
Blended rate	7.360%	7.563%	7.640%
1st payment	$2,883.14	$2,883.14	$3,364.97
2nd payment	$0.00	$450.71	$0.00
Taxes / mo	$130.83	$130.83	$130.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$202.49	$202.49	$97.20
HOA / mo	$94.00	$94.00	$94.00
Total monthly	$3,477.13	$3,927.84	$3,853.67
Cash to close	$114,095	$54,000	$54,000