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	$15,764	$15,764	$179,100
Remaining term (yrs)	5.9	5.9	30.0
Secondary amount	$0	$163,336	$0
Funding fee	$0	$0	$0
Note rate	5.930%	5.930%	7.400%
Blended rate	6.780%	7.893%	7.640%
1st payment	$260.74	$260.74	$1,240.05
2nd payment	$0.00	$1,088.91	$0.00
Taxes / mo	$25.08	$25.08	$25.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$30.65	$30.65	$35.82
HOA / mo	$212.00	$212.00	$212.00
Total monthly	$678.47	$1,767.38	$1,662.96
Cash to close	$183,236	$19,900	$19,900