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	$17,374	$17,374	$174,600
Remaining term (yrs)	6.6	6.6	30.0
Secondary amount	$0	$157,226	$0
Funding fee	$0	$0	$0
Note rate	5.790%	5.790%	7.400%
Blended rate	6.640%	7.865%	7.640%
1st payment	$259.65	$259.65	$1,208.90
2nd payment	$0.00	$1,048.17	$0.00
Taxes / mo	$58.08	$58.08	$58.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$31.38	$31.38	$34.92
HOA / mo	$119.00	$119.00	$119.00
Total monthly	$618.11	$1,666.28	$1,570.90
Cash to close	$176,626	$19,400	$19,400