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	$250,663	$250,663	$471,510
Remaining term (yrs)	28.5	28.5	30.0
Secondary amount	$0	$220,847	$0
Funding fee	$0	$0	$0
Note rate	6.670%	6.670%	7.400%
Blended rate	7.220%	7.468%	7.640%
1st payment	$1,636.37	$1,636.37	$3,264.64
2nd payment	$0.00	$1,426.30	$0.00
Taxes / mo	$174.67	$174.67	$174.67
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$116.59	$116.59	$94.30
HOA / mo	$137.00	$137.00	$137.00
Total monthly	$2,231.29	$3,657.59	$3,837.28
Cash to close	$273,237	$52,390	$52,390