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	$202,330	$202,330	$278,096
Remaining term (yrs)	23.9	23.9	30.0
Secondary amount	$0	$75,765	$0
Funding fee	$0	$0	$0
Note rate	2.880%	2.880%	7.400%
Blended rate	3.730%	5.166%	7.640%
1st payment	$973.89	$973.89	$1,925.48
2nd payment	$0.00	$568.24	$0.00
Taxes / mo	$162.75	$162.75	$162.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$162.62	$162.62	$55.62
HOA / mo	$85.00	$85.00	$85.00
Total monthly	$1,534.26	$2,102.50	$2,378.85
Cash to close	$106,665	$30,900	$30,900