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	$192,305	$192,305	$342,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$149,695	$0
Funding fee	$0	$0	$0
Note rate	2.680%	2.680%	7.400%
Blended rate	3.530%	5.487%	7.640%
1st payment	$895.04	$895.04	$2,367.94
2nd payment	$0.00	$997.96	$0.00
Taxes / mo	$141.92	$141.92	$141.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$156.72	$156.72	$68.40
HOA / mo	$119.00	$119.00	$119.00
Total monthly	$1,462.67	$2,460.63	$2,847.26
Cash to close	$187,695	$38,000	$38,000