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	$492,332	$492,332	$495,000
Remaining term (yrs)	29.3	29.3	30.0
Secondary amount	$0	$30,168	$0
Funding fee	$0	$0	$0
Note rate	5.980%	5.980%	7.400%
Blended rate	6.530%	6.839%	7.640%
1st payment	$2,966.52	$2,966.52	$3,427.28
2nd payment	$0.00	$298.54	$0.00
Taxes / mo	$35.25	$35.25	$35.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$227.27	$227.27	$99.00
HOA / mo	$208.00	$208.00	$208.00
Total monthly	$3,603.70	$3,902.24	$3,936.20
Cash to close	$57,668	$27,500	$55,000