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	$13,699	$13,699	$310,410
Remaining term (yrs)	25.6	25.6	30.0
Secondary amount	$0	$296,711	$0
Funding fee	$0	$0	$0
Note rate	6.810%	6.810%	7.400%
Blended rate	7.360%	7.733%	7.640%
1st payment	$94.12	$94.12	$2,149.22
2nd payment	$0.00	$1,916.26	$0.00
Taxes / mo	$211.08	$211.08	$211.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$6.39	$6.39	$62.08
HOA / mo	$111.00	$111.00	$111.00
Total monthly	$572.59	$2,488.85	$2,683.38
Cash to close	$331,201	$34,490	$34,490