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	$312,638	$312,638	$355,500
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$42,862	$0
Funding fee	$0	$0	$0
Note rate	6.610%	6.610%	7.400%
Blended rate	7.460%	7.646%	7.640%
1st payment	$2,088.13	$2,088.13	$2,461.41
2nd payment	$0.00	$321.47	$0.00
Taxes / mo	$65.83	$65.83	$65.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$231.35	$231.35	$71.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,535.31	$2,856.78	$2,748.34
Cash to close	$82,362	$39,500	$39,500