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	$215,001	$215,001	$252,000
Remaining term (yrs)	24.4	24.4	30.0
Secondary amount	$0	$36,999	$0
Funding fee	$0	$0	$0
Note rate	2.740%	2.740%	7.400%
Blended rate	3.590%	4.384%	7.640%
1st payment	$1,004.82	$1,004.82	$1,744.80
2nd payment	$0.00	$277.49	$0.00
Taxes / mo	$95.83	$95.83	$95.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$174.57	$174.57	$50.40
HOA / mo	$50.00	$50.00	$50.00
Total monthly	$1,475.22	$1,752.72	$2,091.03
Cash to close	$64,999	$28,000	$28,000