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	$275,448	$275,448	$350,910
Remaining term (yrs)	28.4	28.4	30.0
Secondary amount	$0	$75,462	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.050%	7.469%	7.640%
1st payment	$1,771.21	$1,771.21	$2,429.63
2nd payment	$0.00	$565.97	$0.00
Taxes / mo	$111.25	$111.25	$111.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$128.44	$128.44	$70.18
HOA / mo	$58.92	$58.92	$58.92
Total monthly	$2,219.81	$2,785.78	$2,819.98
Cash to close	$114,452	$38,990	$38,990