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	$285,468	$285,468	$310,500
Remaining term (yrs)	27.5	27.5	30.0
Secondary amount	$0	$25,032	$0
Funding fee	$0	$0	$0
Note rate	6.790%	6.790%	7.400%
Blended rate	7.340%	7.474%	7.640%
1st payment	$1,908.45	$1,908.45	$2,149.84
2nd payment	$0.00	$187.74	$0.00
Taxes / mo	$146.50	$146.50	$146.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$134.31	$134.31	$62.10
HOA / mo	$79.67	$79.67	$79.67
Total monthly	$2,418.93	$2,606.67	$2,588.11
Cash to close	$59,532	$34,500	$34,500