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	$13,225	$13,225	$238,410
Remaining term (yrs)	27.1	27.1	30.0
Secondary amount	$0	$225,185	$0
Funding fee	$0	$0	$0
Note rate	6.120%	6.120%	7.400%
Blended rate	6.670%	7.690%	7.640%
1st payment	$83.21	$83.21	$1,650.70
2nd payment	$0.00	$1,454.32	$0.00
Taxes / mo	$111.50	$111.50	$111.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$6.20	$6.20	$47.68
HOA / mo	$114.00	$114.00	$114.00
Total monthly	$464.92	$1,919.24	$2,073.88
Cash to close	$251,675	$26,490	$26,490