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	$193,025	$193,025	$288,000
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$94,975	$0
Funding fee	$0	$0	$0
Note rate	2.770%	2.770%	7.400%
Blended rate	3.620%	5.394%	7.640%
1st payment	$909.40	$909.40	$1,994.05
2nd payment	$0.00	$712.31	$0.00
Taxes / mo	$96.33	$96.33	$96.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$157.38	$157.38	$57.60
HOA / mo	$86.33	$86.33	$86.33
Total monthly	$1,399.45	$2,111.76	$2,384.32
Cash to close	$126,975	$32,000	$32,000