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	$237,808	$237,808	$342,000
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$104,192	$0
Funding fee	$0	$0	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	3.660%	4.982%	7.640%
1st payment	$1,117.27	$1,117.27	$2,367.94
2nd payment	$0.00	$694.61	$0.00
Taxes / mo	$178.92	$178.92	$178.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$192.36	$192.36	$68.40
HOA / mo	$81.00	$81.00	$81.00
Total monthly	$1,719.55	$2,414.16	$2,846.26
Cash to close	$142,192	$38,000	$38,000