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	$42,657	$42,657	$337,500
Remaining term (yrs)	6.7	6.7	30.0
Secondary amount	$0	$294,843	$0
Funding fee	$0	$0	$0
Note rate	5.700%	5.700%	7.400%
Blended rate	6.550%	7.598%	7.640%
1st payment	$629.29	$629.29	$2,336.78
2nd payment	$0.00	$1,904.20	$0.00
Taxes / mo	$118.83	$118.83	$118.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$76.80	$76.80	$67.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$974.93	$2,879.12	$2,673.12
Cash to close	$332,343	$37,500	$37,500