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	$258,666	$258,666	$359,910
Remaining term (yrs)	28.0	28.0	30.0
Secondary amount	$0	$101,244	$0
Funding fee	$0	$0	$0
Note rate	6.460%	6.460%	7.400%
Blended rate	7.010%	7.288%	7.640%
1st payment	$1,665.18	$1,665.18	$2,491.94
2nd payment	$0.00	$674.96	$0.00
Taxes / mo	$105.92	$105.92	$105.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$121.25	$121.25	$71.98
HOA / mo	$129.00	$129.00	$129.00
Total monthly	$2,171.35	$2,846.31	$2,948.84
Cash to close	$141,234	$39,990	$39,990