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	$351,480	$351,480	$427,500
Remaining term (yrs)	29.2	29.2	30.0
Secondary amount	$0	$76,020	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.050%	7.397%	7.640%
1st payment	$2,238.09	$2,238.09	$2,959.92
2nd payment	$0.00	$570.15	$0.00
Taxes / mo	$165.25	$165.25	$165.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$162.29	$162.29	$85.50
HOA / mo	$310.00	$310.00	$310.00
Total monthly	$3,042.30	$3,612.45	$3,687.34
Cash to close	$123,520	$47,500	$47,500