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	$271,859	$271,859	$292,500
Remaining term (yrs)	20.4	20.4	30.0
Secondary amount	$0	$36,891	$0
Funding fee	$0	$0	$0
Note rate	3.390%	3.390%	7.400%
Blended rate	4.240%	5.152%	7.640%
1st payment	$1,534.74	$1,534.74	$2,025.21
2nd payment	$0.00	$365.07	$0.00
Taxes / mo	$249.57	$249.57	$249.57
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$245.44	$245.44	$58.50
HOA / mo	$113.33	$113.33	$113.33
Total monthly	$2,293.08	$2,658.14	$2,596.61
Cash to close	$53,141	$16,250	$32,500