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	$284,987	$284,987	$405,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$120,013	$0
Funding fee	$0	$0	$0
Note rate	2.680%	2.680%	7.400%
Blended rate	3.530%	4.855%	7.640%
1st payment	$1,326.40	$1,326.40	$2,804.14
2nd payment	$0.00	$800.09	$0.00
Taxes / mo	$199.67	$199.67	$199.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$232.24	$232.24	$81.00
HOA / mo	$81.00	$81.00	$81.00
Total monthly	$1,989.31	$2,789.40	$3,315.80
Cash to close	$165,013	$45,000	$45,000