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	$388,915	$388,915	$404,100
Remaining term (yrs)	25.8	25.8	30.0
Secondary amount	$0	$37,635	$0
Funding fee	$0	$0	$0
Note rate	5.810%	5.810%	7.400%
Blended rate	6.660%	7.120%	7.640%
1st payment	$2,422.35	$2,422.35	$2,797.91
2nd payment	$0.00	$372.43	$0.00
Taxes / mo	$112.42	$112.42	$112.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$292.11	$292.11	$80.82
HOA / mo	$76.42	$76.42	$76.42
Total monthly	$3,053.30	$3,425.73	$3,217.56
Cash to close	$60,085	$22,450	$44,900