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	$200,631	$200,631	$256,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$55,869	$0
Funding fee	$0	$0	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	3.660%	4.823%	7.640%
1st payment	$949.34	$949.34	$1,775.95
2nd payment	$0.00	$419.01	$0.00
Taxes / mo	$96.42	$96.42	$96.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$163.44	$163.44	$51.30
HOA / mo	$370.00	$370.00	$370.00
Total monthly	$1,729.20	$2,148.21	$2,443.67
Cash to close	$84,369	$28,500	$28,500