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	$251,826	$251,826	$287,910
Remaining term (yrs)	25.4	25.4	30.0
Secondary amount	$0	$36,084	$0
Funding fee	$0	$0	$0
Note rate	3.070%	3.070%	7.400%
Blended rate	3.920%	4.557%	7.640%
1st payment	$1,187.69	$1,187.69	$1,993.43
2nd payment	$0.00	$270.63	$0.00
Taxes / mo	$96.50	$96.50	$96.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$197.77	$197.77	$57.58
HOA / mo	$73.00	$73.00	$73.00
Total monthly	$1,704.96	$1,975.59	$2,370.51
Cash to close	$68,074	$31,990	$31,990