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	$383,281	$383,281	$413,910
Remaining term (yrs)	27.6	27.6	30.0
Secondary amount	$0	$30,629	$0
Funding fee	$0	$0	$0
Note rate	6.940%	6.940%	7.400%
Blended rate	7.490%	7.602%	7.640%
1st payment	$2,597.31	$2,597.31	$2,865.83
2nd payment	$0.00	$229.72	$0.00
Taxes / mo	$94.25	$94.25	$94.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$180.02	$180.02	$82.78
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,038.24	$3,267.96	$3,209.53
Cash to close	$76,619	$45,990	$45,990