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	$289,679	$289,679	$436,500
Remaining term (yrs)	29.2	29.2	30.0
Secondary amount	$0	$146,821	$0
Funding fee	$0	$0	$0
Note rate	5.250%	5.250%	7.400%
Blended rate	5.800%	6.540%	7.640%
1st payment	$1,614.67	$1,614.67	$3,022.24
2nd payment	$0.00	$978.80	$0.00
Taxes / mo	$159.08	$159.08	$159.08
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$134.02	$134.02	$87.30
HOA / mo	$633.00	$633.00	$633.00
Total monthly	$2,707.43	$3,686.24	$4,068.29
Cash to close	$195,321	$48,500	$48,500