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	$231,298	$231,298	$264,600
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$33,302	$0
Funding fee	$0	$0	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	3.660%	4.332%	7.640%
1st payment	$1,086.69	$1,086.69	$1,832.04
2nd payment	$0.00	$249.77	$0.00
Taxes / mo	$100.17	$100.17	$100.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$187.09	$187.09	$52.92
HOA / mo	$46.00	$46.00	$46.00
Total monthly	$1,569.94	$1,819.71	$2,181.12
Cash to close	$62,702	$29,400	$29,400