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	$145,796	$145,796	$328,500
Remaining term (yrs)	24.1	24.1	30.0
Secondary amount	$0	$182,704	$0
Funding fee	$0	$0	$0
Note rate	2.880%	2.880%	7.400%
Blended rate	3.730%	6.105%	7.640%
1st payment	$696.75	$696.75	$2,274.47
2nd payment	$0.00	$1,218.03	$0.00
Taxes / mo	$99.00	$99.00	$99.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$118.88	$118.88	$65.70
HOA / mo	$98.00	$98.00	$98.00
Total monthly	$1,162.63	$2,380.65	$2,687.17
Cash to close	$219,204	$36,500	$36,500