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	$4,181	$4,181	$319,500
Remaining term (yrs)	0.7	0.7	30.0
Secondary amount	$0	$315,319	$0
Funding fee	$0	$0	$0
Note rate	8.150%	8.150%	7.400%
Blended rate	9.000%	7.766%	7.640%
1st payment	$433.90	$433.90	$2,212.15
2nd payment	$0.00	$2,036.43	$0.00
Taxes / mo	$51.08	$51.08	$51.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$41.30	$41.30	$63.90
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$676.28	$2,712.71	$2,477.14
Cash to close	$350,819	$35,500	$35,500