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	$478,785	$478,785	$5,035,500
Remaining term (yrs)	26.7	26.7	30.0
Secondary amount	$0	$4,556,715	$0
Funding fee	$0	$0	$0
Note rate	5.880%	5.880%	7.400%
Blended rate	6.430%	7.624%	7.640%
1st payment	$2,959.29	$2,959.29	$34,864.78
2nd payment	$0.00	$29,428.78	$0.00
Taxes / mo	$641.17	$641.17	$641.17
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$229.17	$229.17	$1,007.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$4,046.29	$33,475.07	$36,729.72
Cash to close	$5,116,215	$559,500	$559,500