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	$347,887	$347,887	$373,500
Remaining term (yrs)	27.7	27.7	30.0
Secondary amount	$0	$25,613	$0
Funding fee	$0	$0	$0
Note rate	7.220%	7.220%	7.400%
Blended rate	7.770%	7.854%	7.640%
1st payment	$2,419.39	$2,419.39	$2,586.04
2nd payment	$0.00	$192.10	$0.00
Taxes / mo	$202.08	$202.08	$202.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$163.04	$163.04	$74.70
HOA / mo	$163.00	$163.00	$163.00
Total monthly	$3,097.51	$3,289.61	$3,175.82
Cash to close	$67,113	$41,500	$41,500