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	$274,359	$274,359	$423,000
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$148,641	$0
Funding fee	$0	$0	$0
Note rate	2.940%	2.940%	7.400%
Blended rate	3.790%	5.269%	7.640%
1st payment	$1,298.37	$1,298.37	$2,928.77
2nd payment	$0.00	$990.94	$0.00
Taxes / mo	$145.75	$145.75	$145.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$219.82	$219.82	$84.60
HOA / mo	$97.00	$97.00	$97.00
Total monthly	$1,927.61	$2,918.55	$3,422.78
Cash to close	$195,641	$47,000	$47,000