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	$60,002	$60,002	$208,350
Remaining term (yrs)	38.8	38.8	30.0
Secondary amount	$0	$148,348	$0
Funding fee	$0	$0	$0
Note rate	6.850%	6.850%	7.400%
Blended rate	7.400%	7.827%	7.640%
1st payment	$368.32	$368.32	$1,442.57
2nd payment	$0.00	$988.99	$0.00
Taxes / mo	$82.17	$82.17	$82.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$27.65	$27.65	$41.67
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$628.13	$1,617.12	$1,716.41
Cash to close	$171,498	$23,150	$23,150