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	$93,026	$93,026	$359,100
Remaining term (yrs)	12.1	12.1	30.0
Secondary amount	$0	$266,074	$0
Funding fee	$0	$0	$0
Note rate	6.160%	6.160%	7.400%
Blended rate	7.010%	7.558%	7.640%
1st payment	$902.90	$902.90	$2,486.34
2nd payment	$0.00	$1,718.39	$0.00
Taxes / mo	$194.50	$194.50	$194.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$104.87	$104.87	$71.82
HOA / mo	$141.00	$141.00	$141.00
Total monthly	$1,493.26	$3,211.65	$3,043.66
Cash to close	$305,974	$39,900	$39,900