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	$70,901	$70,901	$260,910
Remaining term (yrs)	29.0	29.0	30.0
Secondary amount	$0	$190,009	$0
Funding fee	$0	$0	$0
Note rate	6.740%	6.740%	7.400%
Blended rate	7.290%	7.807%	7.640%
1st payment	$463.92	$463.92	$1,806.49
2nd payment	$0.00	$1,266.73	$0.00
Taxes / mo	$84.17	$84.17	$84.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$32.82	$32.82	$52.18
HOA / mo	$97.67	$97.67	$97.67
Total monthly	$828.57	$2,095.30	$2,190.51
Cash to close	$218,999	$28,990	$28,990