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	$9,156	$9,156	$314,910
Remaining term (yrs)	1.3	1.3	30.0
Secondary amount	$0	$305,754	$0
Funding fee	$0	$0	$0
Note rate	7.070%	7.070%	7.400%
Blended rate	7.920%	7.755%	7.640%
1st payment	$567.59	$567.59	$2,180.37
2nd payment	$0.00	$1,974.66	$0.00
Taxes / mo	$56.92	$56.92	$56.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$60.01	$60.01	$62.98
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$834.51	$2,809.18	$2,450.27
Cash to close	$340,744	$34,990	$34,990