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	$374,417	$374,417	$398,241
Remaining term (yrs)	28.3	28.3	30.0
Secondary amount	$0	$45,949	$0
Funding fee	$0	$0	$0
Note rate	6.760%	6.760%	7.400%
Blended rate	7.310%	7.809%	7.640%
1st payment	$2,473.45	$2,473.45	$2,757.34
2nd payment	$0.00	$454.70	$0.00
Taxes / mo	$166.67	$166.67	$166.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$174.61	$174.61	$79.65
HOA / mo	$85.00	$85.00	$85.00
Total monthly	$3,049.72	$3,504.42	$3,238.66
Cash to close	$68,073	$22,125	$44,249