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	$474,569	$474,569	$494,999
Remaining term (yrs)	26.9	26.9	30.0
Secondary amount	$0	$47,930	$0
Funding fee	$0	$0	$0
Note rate	6.900%	6.900%	7.400%
Blended rate	7.450%	7.856%	7.640%
1st payment	$3,233.29	$3,233.29	$3,427.27
2nd payment	$0.00	$474.30	$0.00
Taxes / mo	$167.25	$167.25	$167.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$225.01	$225.01	$99.00
HOA / mo	$110.00	$110.00	$110.00
Total monthly	$3,902.21	$4,376.52	$3,970.19
Cash to close	$75,430	$27,500	$55,000