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	$96,352	$96,352	$319,500
Remaining term (yrs)	27.0	27.0	30.0
Secondary amount	$0	$223,148	$0
Funding fee	$0	$0	$0
Note rate	7.310%	7.310%	7.400%
Blended rate	7.860%	7.783%	7.640%
1st payment	$680.98	$680.98	$2,212.15
2nd payment	$0.00	$1,441.16	$0.00
Taxes / mo	$91.50	$91.50	$91.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$45.48	$45.48	$63.90
HOA / mo	$99.00	$99.00	$99.00
Total monthly	$1,066.96	$2,508.13	$2,616.55
Cash to close	$258,648	$35,500	$35,500