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	$325,299	$325,299	$674,999
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$349,700	$0
Funding fee	$0	$0	$0
Note rate	2.770%	2.770%	7.400%
Blended rate	3.620%	5.760%	7.640%
1st payment	$1,532.59	$1,532.59	$4,673.56
2nd payment	$0.00	$2,258.48	$0.00
Taxes / mo	$168.75	$168.75	$168.75
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$265.23	$265.23	$135.00
HOA / mo	$110.00	$110.00	$110.00
Total monthly	$2,293.23	$4,551.71	$5,303.97
Cash to close	$424,700	$75,000	$75,000