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	$501,651	$501,651	$634,500
Remaining term (yrs)	28.4	28.4	30.0
Secondary amount	$0	$132,849	$0
Funding fee	$0	$0	$0
Note rate	6.930%	6.930%	7.400%
Blended rate	7.480%	7.589%	7.640%
1st payment	$3,366.86	$3,366.86	$4,393.15
2nd payment	$0.00	$885.66	$0.00
Taxes / mo	$302.17	$302.17	$302.17
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$233.59	$233.59	$126.90
HOA / mo	$67.00	$67.00	$67.00
Total monthly	$4,186.29	$5,071.95	$5,105.88
Cash to close	$203,349	$70,500	$70,500