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	$428,911	$428,911	$449,955
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$46,041	$0
Funding fee	$0	$0	$0
Note rate	6.270%	6.270%	7.400%
Blended rate	7.120%	7.310%	7.640%
1st payment	$2,772.44	$2,772.44	$3,115.40
2nd payment	$0.00	$455.62	$0.00
Taxes / mo	$143.92	$143.92	$143.92
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$205.94	$205.94	$89.99
HOA / mo	$62.33	$62.33	$62.33
Total monthly	$3,351.29	$3,806.91	$3,578.30
Cash to close	$71,039	$24,998	$49,995