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	$12,594	$12,594	$400,500
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$387,906	$0
Funding fee	$0	$0	$0
Note rate	6.730%	6.730%	7.400%
Blended rate	7.280%	7.735%	7.640%
1st payment	$87.31	$87.31	$2,772.98
2nd payment	$0.00	$2,505.23	$0.00
Taxes / mo	$191.25	$191.25	$191.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$6.05	$6.05	$80.10
HOA / mo	$571.00	$571.00	$571.00
Total monthly	$1,005.60	$3,510.83	$3,765.33
Cash to close	$432,406	$44,500	$44,500