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	$404,226	$404,226	$628,200
Remaining term (yrs)	28.8	28.8	30.0
Secondary amount	$0	$223,974	$0
Funding fee	$0	$0	$0
Note rate	6.670%	6.670%	7.400%
Blended rate	7.220%	7.409%	7.640%
1st payment	$2,631.28	$2,631.28	$4,349.53
2nd payment	$0.00	$1,446.50	$0.00
Taxes / mo	$202.50	$202.50	$202.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$187.47	$187.47	$125.64
HOA / mo	$119.00	$119.00	$119.00
Total monthly	$3,306.92	$4,753.42	$4,963.34
Cash to close	$293,774	$69,800	$69,800