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	$2,177	$2,177	$211,500
Remaining term (yrs)	0.3	0.3	30.0
Secondary amount	$0	$209,323	$0
Funding fee	$0	$0	$0
Note rate	7.660%	7.660%	7.400%
Blended rate	8.510%	7.758%	7.640%
1st payment	$443.85	$443.85	$1,464.38
2nd payment	$0.00	$1,351.88	$0.00
Taxes / mo	$195.83	$195.83	$195.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$44.27	$44.27	$42.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$833.95	$2,185.83	$1,852.52
Cash to close	$232,823	$23,500	$23,500