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	$2,973	$2,973	$296,910
Remaining term (yrs)	24.9	24.9	30.0
Secondary amount	$0	$293,937	$0
Funding fee	$0	$0	$0
Note rate	5.810%	5.810%	7.400%
Blended rate	6.660%	7.739%	7.640%
1st payment	$18.81	$18.81	$2,055.74
2nd payment	$0.00	$1,898.34	$0.00
Taxes / mo	$41.33	$41.33	$41.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$2.24	$2.24	$59.38
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$212.39	$2,110.73	$2,306.46
Cash to close	$326,927	$32,990	$32,990