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	$19,475	$19,475	$562,500
Remaining term (yrs)	26.5	26.5	30.0
Secondary amount	$0	$543,025	$0
Funding fee	$0	$0	$0
Note rate	6.850%	6.850%	7.400%
Blended rate	7.400%	7.738%	7.640%
1st payment	$132.77	$132.77	$3,894.64
2nd payment	$0.00	$3,507.04	$0.00
Taxes / mo	$167.67	$167.67	$167.67
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$9.09	$9.09	$112.50
HOA / mo	$125.00	$125.00	$125.00
Total monthly	$601.19	$4,108.23	$4,466.47
Cash to close	$605,525	$62,500	$62,500