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	$319,086	$319,086	$360,000
Remaining term (yrs)	26.5	26.5	30.0
Secondary amount	$0	$40,914	$0
Funding fee	$0	$0	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	7.050%	7.272%	7.640%
1st payment	$2,103.90	$2,103.90	$2,492.57
2nd payment	$0.00	$306.85	$0.00
Taxes / mo	$119.33	$119.33	$119.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$152.56	$152.56	$72.00
HOA / mo	$54.00	$54.00	$54.00
Total monthly	$2,579.79	$2,886.64	$2,887.90
Cash to close	$80,914	$40,000	$40,000