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	$318,962	$318,962	$359,100
Remaining term (yrs)	25.6	25.6	30.0
Secondary amount	$0	$40,138	$0
Funding fee	$0	$0	$0
Note rate	4.670%	4.670%	7.400%
Blended rate	5.520%	5.909%	7.640%
1st payment	$1,776.16	$1,776.16	$2,486.34
2nd payment	$0.00	$301.04	$0.00
Taxes / mo	$91.25	$91.25	$91.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$243.43	$243.43	$71.82
HOA / mo	$38.33	$38.33	$38.33
Total monthly	$2,299.17	$2,600.20	$2,837.74
Cash to close	$80,038	$39,900	$39,900