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	$261,627	$261,627	$503,910
Remaining term (yrs)	22.5	22.5	30.0
Secondary amount	$0	$242,283	$0
Funding fee	$0	$0	$0
Note rate	4.120%	4.120%	7.400%
Blended rate	4.970%	6.307%	7.640%
1st payment	$1,481.44	$1,481.44	$3,488.97
2nd payment	$0.00	$1,564.74	$0.00
Taxes / mo	$232.50	$232.50	$232.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$216.65	$216.65	$100.78
HOA / mo	$237.00	$237.00	$237.00
Total monthly	$2,334.25	$3,898.99	$4,225.92
Cash to close	$298,273	$55,990	$55,990