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	$109,787	$109,787	$315,000
Remaining term (yrs)	37.5	37.5	30.0
Secondary amount	$0	$205,213	$0
Funding fee	$0	$0	$0
Note rate	6.900%	6.900%	7.400%
Blended rate	7.450%	7.645%	7.640%
1st payment	$682.39	$682.39	$2,181.00
2nd payment	$0.00	$1,325.34	$0.00
Taxes / mo	$118.67	$118.67	$118.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$50.92	$50.92	$63.00
HOA / mo	$86.67	$86.67	$86.67
Total monthly	$1,088.65	$2,413.98	$2,599.33
Cash to close	$240,213	$35,000	$35,000