Drew Bell | Bell Properties - My Home Group

Drew Bell

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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	$378,867	$378,867	$387,000
Remaining term (yrs)	27.6	27.6	30.0
Secondary amount	$0	$29,633	$0
Funding fee	$0	$0	$0
Note rate	7.170%	7.170%	7.400%
Blended rate	7.720%	8.021%	7.640%
1st payment	$2,624.77	$2,624.77	$2,679.51
2nd payment	$0.00	$293.24	$0.00
Taxes / mo	$124.67	$124.67	$124.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$177.76	$177.76	$77.40
HOA / mo	$48.33	$48.33	$48.33
Total monthly	$3,125.53	$3,418.77	$3,079.91
Cash to close	$51,133	$21,500	$43,000