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	$12,535	$12,535	$306,000
Remaining term (yrs)	5.5	5.5	30.0
Secondary amount	$0	$293,465	$0
Funding fee	$0	$0	$0
Note rate	2.650%	2.650%	7.400%
Blended rate	3.500%	7.576%	7.640%
1st payment	$201.48	$201.48	$2,118.68
2nd payment	$0.00	$1,895.29	$0.00
Taxes / mo	$88.33	$88.33	$88.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$35.42	$35.42	$61.20
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$475.23	$2,370.52	$2,418.22
Cash to close	$327,465	$34,000	$34,000