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	$448,737	$448,737	$463,500
Remaining term (yrs)	27.3	27.3	30.0
Secondary amount	$0	$40,513	$0
Funding fee	$0	$0	$0
Note rate	6.640%	6.640%	7.400%
Blended rate	7.190%	7.578%	7.640%
1st payment	$2,965.73	$2,965.73	$3,209.18
2nd payment	$0.00	$400.91	$0.00
Taxes / mo	$261.00	$261.00	$261.00
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$211.96	$211.96	$92.70
HOA / mo	$126.00	$126.00	$126.00
Total monthly	$3,731.35	$4,132.26	$3,855.55
Cash to close	$66,263	$25,750	$51,500