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	$215,001	$215,001	$251,910
Remaining term (yrs)	24.4	24.4	30.0
Secondary amount	$0	$36,909	$0
Funding fee	$0	$0	$0
Note rate	2.740%	2.740%	7.400%
Blended rate	3.590%	4.383%	7.640%
1st payment	$1,004.82	$1,004.82	$1,744.17
2nd payment	$0.00	$276.82	$0.00
Taxes / mo	$99.92	$99.92	$99.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$174.57	$174.57	$50.38
HOA / mo	$55.00	$55.00	$55.00
Total monthly	$1,484.31	$1,761.12	$2,099.47
Cash to close	$64,899	$27,990	$27,990