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	$515,553	$515,553	$621,000
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$105,447	$0
Funding fee	$0	$0	$0
Note rate	6.420%	6.420%	7.400%
Blended rate	7.270%	7.394%	7.640%
1st payment	$3,381.21	$3,381.21	$4,299.68
2nd payment	$0.00	$702.98	$0.00
Taxes / mo	$176.17	$176.17	$176.17
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$382.09	$382.09	$124.20
HOA / mo	$205.00	$205.00	$205.00
Total monthly	$4,311.14	$5,014.13	$4,971.71
Cash to close	$174,447	$69,000	$69,000