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	$312,965	$312,965	$378,899
Remaining term (yrs)	26.2	26.2	30.0
Secondary amount	$0	$65,934	$0
Funding fee	$0	$0	$0
Note rate	6.950%	6.950%	7.400%
Blended rate	7.800%	8.009%	7.640%
1st payment	$2,161.02	$2,161.02	$2,623.42
2nd payment	$0.00	$494.51	$0.00
Taxes / mo	$76.75	$76.75	$76.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$231.25	$231.25	$75.78
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,619.02	$3,113.52	$2,925.95
Cash to close	$108,034	$42,100	$42,100