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	$220,445	$220,445	$297,000
Remaining term (yrs)	24.8	24.8	30.0
Secondary amount	$0	$76,555	$0
Funding fee	$0	$0	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.870%	5.192%	7.640%
1st payment	$1,050.02	$1,050.02	$2,056.37
2nd payment	$0.00	$574.16	$0.00
Taxes / mo	$77.25	$77.25	$77.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$175.96	$175.96	$59.40
HOA / mo	$282.00	$282.00	$282.00
Total monthly	$1,735.23	$2,309.39	$2,625.02
Cash to close	$109,555	$33,000	$33,000