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	$306,784	$306,784	$377,910
Remaining term (yrs)	29.5	29.5	30.0
Secondary amount	$0	$71,126	$0
Funding fee	$0	$0	$0
Note rate	6.110%	6.110%	7.400%
Blended rate	6.660%	7.100%	7.640%
1st payment	$1,870.29	$1,870.29	$2,616.57
2nd payment	$0.00	$533.44	$0.00
Taxes / mo	$94.33	$94.33	$94.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$141.31	$141.31	$75.58
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$2,355.92	$2,889.37	$3,036.49
Cash to close	$113,116	$41,990	$41,990