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	$420,177	$420,177	$445,500
Remaining term (yrs)	26.4	26.4	30.0
Secondary amount	$0	$25,323	$0
Funding fee	$0	$0	$0
Note rate	6.150%	6.150%	7.400%
Blended rate	6.700%	6.831%	7.640%
1st payment	$2,681.02	$2,681.02	$3,084.55
2nd payment	$0.00	$189.93	$0.00
Taxes / mo	$142.75	$142.75	$142.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$201.70	$201.70	$89.10
HOA / mo	$59.33	$59.33	$59.33
Total monthly	$3,251.46	$3,441.39	$3,542.40
Cash to close	$74,823	$49,500	$49,500