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	$308,701	$308,701	$359,100
Remaining term (yrs)	27.5	27.5	30.0
Secondary amount	$0	$50,399	$0
Funding fee	$0	$0	$0
Note rate	6.640%	6.640%	7.400%
Blended rate	7.190%	7.444%	7.640%
1st payment	$2,035.88	$2,035.88	$2,486.34
2nd payment	$0.00	$377.99	$0.00
Taxes / mo	$111.58	$111.58	$111.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$145.50	$145.50	$71.82
HOA / mo	$73.00	$73.00	$73.00
Total monthly	$2,515.97	$2,893.96	$2,892.74
Cash to close	$90,299	$39,900	$39,900