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	$375,380	$375,380	$432,000
Remaining term (yrs)	26.5	26.5	30.0
Secondary amount	$0	$56,620	$0
Funding fee	$0	$0	$0
Note rate	6.120%	6.120%	7.400%
Blended rate	6.670%	6.975%	7.640%
1st payment	$2,385.15	$2,385.15	$2,991.08
2nd payment	$0.00	$424.65	$0.00
Taxes / mo	$182.67	$182.67	$182.67
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$180.01	$180.01	$86.40
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,914.50	$3,339.15	$3,426.81
Cash to close	$104,620	$48,000	$48,000