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	$17,481	$17,481	$503,100
Remaining term (yrs)	25.5	25.5	30.0
Secondary amount	$0	$485,619	$0
Funding fee	$0	$0	$0
Note rate	6.930%	6.930%	7.400%
Blended rate	7.480%	7.741%	7.640%
1st payment	$121.74	$121.74	$3,483.36
2nd payment	$0.00	$3,136.29	$0.00
Taxes / mo	$156.50	$156.50	$156.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$8.17	$8.17	$100.62
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$453.07	$3,589.36	$3,907.15
Cash to close	$541,519	$55,900	$55,900