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	$198,811	$198,811	$279,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$80,189	$0
Funding fee	$0	$0	$0
Note rate	2.670%	2.670%	7.400%
Blended rate	3.520%	5.095%	7.640%
1st payment	$924.30	$924.30	$1,931.74
2nd payment	$0.00	$601.42	$0.00
Taxes / mo	$57.67	$57.67	$57.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$162.05	$162.05	$55.80
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,294.02	$1,895.44	$2,195.21
Cash to close	$111,189	$31,000	$31,000