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	$18,306	$18,306	$309,510
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$291,204	$0
Funding fee	$0	$0	$0
Note rate	6.810%	6.810%	7.400%
Blended rate	7.360%	7.727%	7.640%
1st payment	$129.57	$129.57	$2,142.98
2nd payment	$0.00	$1,880.69	$0.00
Taxes / mo	$102.92	$102.92	$102.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$8.55	$8.55	$61.90
HOA / mo	$65.00	$65.00	$65.00
Total monthly	$456.03	$2,336.72	$2,522.80
Cash to close	$325,594	$34,390	$34,390