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	$269,822	$269,822	$296,100
Remaining term (yrs)	24.4	24.4	30.0
Secondary amount	$0	$26,278	$0
Funding fee	$0	$0	$0
Note rate	2.740%	2.740%	7.400%
Blended rate	3.590%	4.070%	7.640%
1st payment	$1,261.03	$1,261.03	$2,050.14
2nd payment	$0.00	$197.08	$0.00
Taxes / mo	$169.67	$169.67	$169.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$219.08	$219.08	$59.22
HOA / mo	$56.67	$56.67	$56.67
Total monthly	$1,856.45	$2,053.53	$2,485.69
Cash to close	$59,178	$32,900	$32,900