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	$250,034	$250,034	$386,910
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$136,876	$0
Funding fee	$0	$0	$0
Note rate	3.750%	3.750%	7.400%
Blended rate	4.600%	5.803%	7.640%
1st payment	$1,359.63	$1,359.63	$2,678.89
2nd payment	$0.00	$912.51	$0.00
Taxes / mo	$173.58	$173.58	$173.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$207.96	$207.96	$77.38
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,891.17	$2,803.68	$3,079.85
Cash to close	$179,866	$42,990	$42,990