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	$246,516	$246,516	$323,100
Remaining term (yrs)	25.4	25.4	30.0
Secondary amount	$0	$76,584	$0
Funding fee	$0	$0	$0
Note rate	3.450%	3.450%	7.400%
Blended rate	4.300%	5.414%	7.640%
1st payment	$1,212.36	$1,212.36	$2,237.08
2nd payment	$0.00	$574.38	$0.00
Taxes / mo	$126.17	$126.17	$126.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$192.43	$192.43	$64.62
HOA / mo	$103.00	$103.00	$103.00
Total monthly	$1,783.96	$2,358.34	$2,680.87
Cash to close	$112,484	$35,900	$35,900