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	$385,871	$385,871	$405,000
Remaining term (yrs)	26.6	26.6	30.0
Secondary amount	$0	$41,629	$0
Funding fee	$0	$0	$0
Note rate	6.390%	6.390%	7.400%
Blended rate	6.940%	7.421%	7.640%
1st payment	$2,511.35	$2,511.35	$2,804.14
2nd payment	$0.00	$411.96	$0.00
Taxes / mo	$121.67	$121.67	$121.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$184.21	$184.21	$81.00
HOA / mo	$57.67	$57.67	$57.67
Total monthly	$3,024.90	$3,436.85	$3,214.47
Cash to close	$64,129	$22,500	$45,000