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	$234,248	$234,248	$345,150
Remaining term (yrs)	24.9	24.9	30.0
Secondary amount	$0	$110,902	$0
Funding fee	$0	$0	$0
Note rate	2.780%	2.780%	7.400%
Blended rate	3.630%	5.034%	7.640%
1st payment	$1,084.21	$1,084.21	$2,389.75
2nd payment	$0.00	$739.35	$0.00
Taxes / mo	$169.25	$169.25	$169.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$187.39	$187.39	$69.03
HOA / mo	$125.00	$125.00	$125.00
Total monthly	$1,715.85	$2,455.20	$2,903.03
Cash to close	$149,252	$38,350	$38,350