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	$200,366	$200,366	$223,650
Remaining term (yrs)	29.5	29.5	30.0
Secondary amount	$0	$35,709	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.050%	7.780%	7.640%
1st payment	$1,272.26	$1,272.26	$1,548.51
2nd payment	$0.00	$353.37	$0.00
Taxes / mo	$47.00	$47.00	$47.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$92.26	$92.26	$44.73
HOA / mo	$258.00	$258.00	$258.00
Total monthly	$1,819.52	$2,172.89	$2,048.24
Cash to close	$48,134	$12,425	$24,850