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	$412,894	$412,894	$539,999
Remaining term (yrs)	28.5	28.5	30.0
Secondary amount	$0	$127,105	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.050%	7.274%	7.640%
1st payment	$2,649.69	$2,649.69	$3,738.84
2nd payment	$0.00	$847.37	$0.00
Taxes / mo	$137.42	$137.42	$137.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$192.14	$192.14	$108.00
HOA / mo	$50.00	$50.00	$50.00
Total monthly	$3,195.91	$4,043.28	$4,200.93
Cash to close	$187,105	$60,000	$60,000