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	$271,053	$271,053	$349,200
Remaining term (yrs)	29.0	29.0	30.0
Secondary amount	$0	$78,147	$0
Funding fee	$0	$0	$0
Note rate	6.260%	6.260%	7.400%
Blended rate	6.810%	7.300%	7.640%
1st payment	$1,687.04	$1,687.04	$2,417.79
2nd payment	$0.00	$586.10	$0.00
Taxes / mo	$104.50	$104.50	$104.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$125.45	$125.45	$69.84
HOA / mo	$49.00	$49.00	$49.00
Total monthly	$2,115.99	$2,702.09	$2,791.13
Cash to close	$116,947	$38,800	$38,800