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	$334,542	$334,542	$360,000
Remaining term (yrs)	28.0	28.0	30.0
Secondary amount	$0	$25,458	$0
Funding fee	$0	$0	$0
Note rate	6.490%	6.490%	7.400%
Blended rate	7.040%	7.179%	7.640%
1st payment	$2,160.12	$2,160.12	$2,492.57
2nd payment	$0.00	$190.93	$0.00
Taxes / mo	$90.83	$90.83	$90.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$156.80	$156.80	$72.00
HOA / mo	$400.00	$400.00	$400.00
Total monthly	$2,957.75	$3,148.68	$3,205.40
Cash to close	$65,458	$40,000	$40,000