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	$144,526	$144,526	$292,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$147,974	$0
Funding fee	$0	$0	$0
Note rate	2.720%	2.720%	7.400%
Blended rate	3.570%	5.811%	7.640%
1st payment	$677.23	$677.23	$2,025.21
2nd payment	$0.00	$986.50	$0.00
Taxes / mo	$75.08	$75.08	$75.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$117.96	$117.96	$58.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,020.27	$2,006.77	$2,308.79
Cash to close	$180,474	$32,500	$32,500