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	$389,087	$389,087	$405,000
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$38,413	$0
Funding fee	$0	$0	$0
Note rate	6.310%	6.310%	7.400%
Blended rate	7.160%	7.584%	7.640%
1st payment	$2,524.80	$2,524.80	$2,804.14
2nd payment	$0.00	$380.13	$0.00
Taxes / mo	$212.42	$212.42	$212.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$288.63	$288.63	$81.00
HOA / mo	$108.00	$108.00	$108.00
Total monthly	$3,283.85	$3,663.97	$3,355.55
Cash to close	$60,913	$22,500	$45,000