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	$9,825	$9,825	$323,910
Remaining term (yrs)	1.7	1.7	30.0
Secondary amount	$0	$314,085	$0
Funding fee	$0	$0	$0
Note rate	7.140%	7.140%	7.400%
Blended rate	7.990%	7.757%	7.640%
1st payment	$477.78	$477.78	$2,242.69
2nd payment	$0.00	$2,028.47	$0.00
Taxes / mo	$111.25	$111.25	$111.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$50.16	$50.16	$64.78
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$789.18	$2,817.65	$2,568.72
Cash to close	$350,075	$35,990	$35,990