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	$204,780	$204,780	$364,500
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$159,720	$0
Funding fee	$0	$0	$0
Note rate	2.620%	2.620%	7.400%
Blended rate	3.470%	5.455%	7.640%
1st payment	$935.53	$935.53	$2,523.72
2nd payment	$0.00	$1,064.80	$0.00
Taxes / mo	$143.00	$143.00	$143.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$165.09	$165.09	$72.90
HOA / mo	$106.00	$106.00	$106.00
Total monthly	$1,499.62	$2,564.42	$2,995.62
Cash to close	$200,220	$40,500	$40,500