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	$263,635	$263,635	$323,991
Remaining term (yrs)	28.0	28.0	30.0
Secondary amount	$0	$60,356	$0
Funding fee	$0	$0	$0
Note rate	6.200%	6.200%	7.400%
Blended rate	6.750%	7.169%	7.640%
1st payment	$1,651.44	$1,651.44	$2,243.25
2nd payment	$0.00	$452.67	$0.00
Taxes / mo	$74.08	$74.08	$74.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$123.58	$123.58	$64.80
HOA / mo	$50.00	$50.00	$50.00
Total monthly	$2,049.11	$2,501.78	$2,582.13
Cash to close	$96,355	$35,999	$35,999