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	$214,686	$214,686	$301,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$86,814	$0
Funding fee	$0	$0	$0
Note rate	2.710%	2.710%	7.400%
Blended rate	3.560%	5.126%	7.640%
1st payment	$1,004.90	$1,004.90	$2,087.53
2nd payment	$0.00	$651.10	$0.00
Taxes / mo	$62.75	$62.75	$62.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$175.27	$175.27	$60.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,392.91	$2,044.01	$2,360.58
Cash to close	$120,314	$33,500	$33,500