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	$207,329	$207,329	$268,200
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$60,871	$0
Funding fee	$0	$0	$0
Note rate	2.780%	2.780%	7.400%
Blended rate	3.630%	4.849%	7.640%
1st payment	$977.85	$977.85	$1,856.96
2nd payment	$0.00	$456.53	$0.00
Taxes / mo	$59.08	$59.08	$59.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$169.01	$169.01	$53.64
HOA / mo	$33.00	$33.00	$33.00
Total monthly	$1,388.94	$1,845.47	$2,152.69
Cash to close	$90,671	$29,800	$29,800