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	$145,860	$145,860	$247,500
Remaining term (yrs)	24.0	24.0	30.0
Secondary amount	$0	$101,640	$0
Funding fee	$0	$0	$0
Note rate	2.990%	2.990%	7.400%
Blended rate	3.840%	5.548%	7.640%
1st payment	$708.65	$708.65	$1,713.64
2nd payment	$0.00	$677.60	$0.00
Taxes / mo	$55.50	$55.50	$55.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$119.21	$119.21	$49.50
HOA / mo	$44.67	$44.67	$44.67
Total monthly	$1,078.03	$1,755.63	$2,013.31
Cash to close	$129,140	$27,500	$27,500