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	$31,459	$31,459	$405,000
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$373,541	$0
Funding fee	$0	$0	$0
Note rate	6.860%	6.860%	7.400%
Blended rate	7.410%	7.724%	7.640%
1st payment	$220.10	$220.10	$2,804.14
2nd payment	$0.00	$2,412.45	$0.00
Taxes / mo	$250.17	$250.17	$250.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$14.67	$14.67	$81.00
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$734.93	$3,147.39	$3,385.30
Cash to close	$418,541	$45,000	$45,000