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	$232,931	$232,931	$283,500
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$50,569	$0
Funding fee	$0	$0	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	3.660%	4.613%	7.640%
1st payment	$1,094.36	$1,094.36	$1,962.90
2nd payment	$0.00	$379.27	$0.00
Taxes / mo	$178.92	$178.92	$178.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$188.41	$188.41	$56.70
HOA / mo	$60.67	$60.67	$60.67
Total monthly	$1,672.36	$2,051.63	$2,409.18
Cash to close	$82,069	$31,500	$31,500