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	$233,974	$233,974	$283,500
Remaining term (yrs)	24.6	24.6	30.0
Secondary amount	$0	$49,526	$0
Funding fee	$0	$0	$0
Note rate	2.970%	2.970%	7.400%
Blended rate	3.820%	4.725%	7.640%
1st payment	$1,113.43	$1,113.43	$1,962.90
2nd payment	$0.00	$371.44	$0.00
Taxes / mo	$48.25	$48.25	$48.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$187.79	$187.79	$56.70
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,499.46	$1,870.90	$2,217.85
Cash to close	$81,026	$31,500	$31,500