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	$286,669	$286,669	$305,100
Remaining term (yrs)	24.6	24.6	30.0
Secondary amount	$0	$35,381	$0
Funding fee	$0	$0	$0
Note rate	2.940%	2.940%	7.400%
Blended rate	3.790%	4.678%	7.640%
1st payment	$1,359.74	$1,359.74	$2,112.45
2nd payment	$0.00	$350.12	$0.00
Taxes / mo	$107.75	$107.75	$107.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$230.21	$230.21	$61.02
HOA / mo	$66.00	$66.00	$66.00
Total monthly	$1,913.70	$2,263.82	$2,497.22
Cash to close	$52,331	$16,950	$33,900