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	$345,789	$345,789	$440,100
Remaining term (yrs)	27.0	27.0	30.0
Secondary amount	$0	$94,311	$0
Funding fee	$0	$0	$0
Note rate	7.310%	7.310%	7.400%
Blended rate	7.860%	8.104%	7.640%
1st payment	$2,443.91	$2,443.91	$3,047.16
2nd payment	$0.00	$707.33	$0.00
Taxes / mo	$157.58	$157.58	$157.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$163.22	$163.22	$88.02
HOA / mo	$75.00	$75.00	$75.00
Total monthly	$3,006.38	$3,713.71	$3,534.43
Cash to close	$143,211	$48,900	$48,900