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	$440,857	$440,857	$512,865
Remaining term (yrs)	28.5	28.5	30.0
Secondary amount	$0	$72,008	$0
Funding fee	$0	$0	$0
Note rate	6.760%	6.760%	7.400%
Blended rate	7.310%	7.547%	7.640%
1st payment	$2,906.75	$2,906.75	$3,550.97
2nd payment	$0.00	$540.06	$0.00
Taxes / mo	$136.50	$136.50	$136.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$205.20	$205.20	$102.57
HOA / mo	$28.33	$28.33	$28.33
Total monthly	$3,443.44	$3,983.50	$3,985.04
Cash to close	$128,993	$56,985	$56,985