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	$477	$477	$504,000
Remaining term (yrs)	27.1	27.1	30.0
Secondary amount	$0	$503,523	$0
Funding fee	$0	$0	$0
Note rate	7.570%	7.570%	7.400%
Blended rate	8.120%	7.750%	7.640%
1st payment	$3.45	$3.45	$3,489.59
2nd payment	$0.00	$3,251.92	$0.00
Taxes / mo	$274.75	$274.75	$274.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.22	$0.22	$100.80
HOA / mo	$63.00	$63.00	$63.00
Total monthly	$508.09	$3,760.01	$4,094.81
Cash to close	$559,523	$56,000	$56,000