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	$225,888	$225,888	$314,550
Remaining term (yrs)	24.1	24.1	30.0
Secondary amount	$0	$88,662	$0
Funding fee	$0	$0	$0
Note rate	2.830%	2.830%	7.400%
Blended rate	3.680%	5.180%	7.640%
1st payment	$1,073.71	$1,073.71	$2,177.88
2nd payment	$0.00	$664.97	$0.00
Taxes / mo	$132.83	$132.83	$132.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$184.38	$184.38	$62.91
HOA / mo	$62.00	$62.00	$62.00
Total monthly	$1,602.93	$2,267.90	$2,585.62
Cash to close	$123,612	$34,950	$34,950