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	$235,421	$235,421	$269,100
Remaining term (yrs)	26.4	26.4	30.0
Secondary amount	$0	$33,679	$0
Funding fee	$0	$0	$0
Note rate	6.320%	6.320%	7.400%
Blended rate	6.870%	7.137%	7.640%
1st payment	$1,527.27	$1,527.27	$1,863.19
2nd payment	$0.00	$252.59	$0.00
Taxes / mo	$89.00	$89.00	$89.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$112.85	$112.85	$53.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,879.12	$2,131.72	$2,156.01
Cash to close	$63,579	$29,900	$29,900