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	$11,896	$11,896	$207,000
Remaining term (yrs)	28.1	28.1	30.0
Secondary amount	$0	$195,104	$0
Funding fee	$0	$0	$0
Note rate	6.080%	6.080%	7.400%
Blended rate	6.630%	7.921%	7.640%
1st payment	$73.53	$73.53	$1,433.23
2nd payment	$0.00	$1,300.70	$0.00
Taxes / mo	$35.75	$35.75	$35.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$5.57	$5.57	$41.40
HOA / mo	$237.00	$237.00	$237.00
Total monthly	$501.85	$1,802.54	$1,897.38
Cash to close	$218,104	$23,000	$23,000