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	$0	$0	$292,491
Remaining term (yrs)	29.2	29.2	30.0
Secondary amount	$0	$292,491	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.050%	7.750%	7.640%
1st payment	$0.00	$0.00	$2,025.15
2nd payment	$0.00	$1,889.00	$0.00
Taxes / mo	$11.08	$11.08	$11.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$58.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$161.08	$2,050.09	$2,244.73
Cash to close	$324,990	$32,499	$32,499