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	$204,878	$204,878	$247,410
Remaining term (yrs)	27.3	27.3	30.0
Secondary amount	$0	$42,532	$0
Funding fee	$0	$0	$0
Note rate	6.670%	6.670%	7.400%
Blended rate	7.220%	7.526%	7.640%
1st payment	$1,358.02	$1,358.02	$1,713.02
2nd payment	$0.00	$318.99	$0.00
Taxes / mo	$49.33	$49.33	$49.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$96.76	$96.76	$49.48
HOA / mo	$497.00	$497.00	$497.00
Total monthly	$2,151.11	$2,470.10	$2,458.83
Cash to close	$70,022	$27,490	$27,490