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	$295,813	$295,813	$386,910
Remaining term (yrs)	24.6	24.6	30.0
Secondary amount	$0	$91,097	$0
Funding fee	$0	$0	$0
Note rate	3.180%	3.180%	7.400%
Blended rate	4.030%	5.200%	7.640%
1st payment	$1,440.10	$1,440.10	$2,678.89
2nd payment	$0.00	$683.22	$0.00
Taxes / mo	$87.25	$87.25	$87.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$236.47	$236.47	$77.38
HOA / mo	$115.00	$115.00	$115.00
Total monthly	$2,028.82	$2,712.05	$3,108.52
Cash to close	$134,087	$42,990	$42,990