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	$59,728	$59,728	$368,910
Remaining term (yrs)	26.9	26.9	30.0
Secondary amount	$0	$309,182	$0
Funding fee	$0	$0	$0
Note rate	6.490%	6.490%	7.400%
Blended rate	7.040%	7.635%	7.640%
1st payment	$391.61	$391.61	$2,554.26
2nd payment	$0.00	$1,996.80	$0.00
Taxes / mo	$114.25	$114.25	$114.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$27.41	$27.41	$73.78
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$683.27	$2,680.07	$2,892.29
Cash to close	$350,172	$40,990	$40,990