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	$250,642	$250,642	$315,000
Remaining term (yrs)	28.5	28.5	30.0
Secondary amount	$0	$64,358	$0
Funding fee	$0	$0	$0
Note rate	6.640%	6.640%	7.400%
Blended rate	7.190%	7.560%	7.640%
1st payment	$1,631.31	$1,631.31	$2,181.00
2nd payment	$0.00	$482.68	$0.00
Taxes / mo	$73.92	$73.92	$73.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$116.59	$116.59	$63.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,971.82	$2,454.50	$2,467.91
Cash to close	$99,358	$35,000	$35,000