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	$222,774	$222,774	$238,500
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$28,976	$0
Funding fee	$0	$0	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.870%	4.791%	7.640%
1st payment	$1,070.77	$1,070.77	$1,651.33
2nd payment	$0.00	$286.75	$0.00
Taxes / mo	$106.83	$106.83	$106.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$179.44	$179.44	$47.70
HOA / mo	$81.00	$81.00	$81.00
Total monthly	$1,588.04	$1,874.79	$2,036.86
Cash to close	$42,226	$13,250	$26,500