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	$289,679	$289,679	$450,000
Remaining term (yrs)	29.2	29.2	30.0
Secondary amount	$0	$160,321	$0
Funding fee	$0	$0	$0
Note rate	5.250%	5.250%	7.400%
Blended rate	5.800%	6.584%	7.640%
1st payment	$1,614.67	$1,614.67	$3,115.71
2nd payment	$0.00	$1,068.80	$0.00
Taxes / mo	$159.08	$159.08	$159.08
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$134.02	$134.02	$90.00
HOA / mo	$633.00	$633.00	$633.00
Total monthly	$2,707.43	$3,776.24	$4,164.46
Cash to close	$210,321	$50,000	$50,000