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	$268,236	$268,236	$306,000
Remaining term (yrs)	31.2	31.2	30.0
Secondary amount	$0	$37,764	$0
Funding fee	$0	$0	$0
Note rate	6.230%	6.230%	7.400%
Blended rate	6.780%	7.054%	7.640%
1st payment	$1,624.39	$1,624.39	$2,118.68
2nd payment	$0.00	$283.23	$0.00
Taxes / mo	$59.92	$59.92	$59.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$123.77	$123.77	$61.20
HOA / mo	$180.00	$180.00	$180.00
Total monthly	$2,138.08	$2,421.31	$2,569.80
Cash to close	$71,764	$34,000	$34,000