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	$256,417	$256,417	$377,100
Remaining term (yrs)	23.9	23.9	30.0
Secondary amount	$0	$120,683	$0
Funding fee	$0	$0	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.870%	5.192%	7.640%
1st payment	$1,252.71	$1,252.71	$2,610.96
2nd payment	$0.00	$804.55	$0.00
Taxes / mo	$143.42	$143.42	$143.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$209.93	$209.93	$75.42
HOA / mo	$56.67	$56.67	$56.67
Total monthly	$1,812.72	$2,617.28	$3,036.47
Cash to close	$162,583	$41,900	$41,900