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	$276,058	$276,058	$472,500
Remaining term (yrs)	24.0	24.0	30.0
Secondary amount	$0	$196,442	$0
Funding fee	$0	$0	$0
Note rate	2.940%	2.940%	7.400%
Blended rate	3.790%	5.540%	7.640%
1st payment	$1,334.09	$1,334.09	$3,271.49
2nd payment	$0.00	$1,309.61	$0.00
Taxes / mo	$193.92	$193.92	$193.92
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$225.87	$225.87	$94.50
HOA / mo	$135.00	$135.00	$135.00
Total monthly	$2,055.54	$3,365.15	$3,861.58
Cash to close	$248,942	$52,500	$52,500