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	$262,806	$262,806	$359,100
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$96,294	$0
Funding fee	$0	$0	$0
Note rate	2.670%	2.670%	7.400%
Blended rate	3.520%	4.989%	7.640%
1st payment	$1,221.83	$1,221.83	$2,486.34
2nd payment	$0.00	$722.20	$0.00
Taxes / mo	$102.67	$102.67	$102.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$214.21	$214.21	$71.82
HOA / mo	$178.00	$178.00	$178.00
Total monthly	$1,866.71	$2,588.91	$2,988.82
Cash to close	$136,194	$39,900	$39,900