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	$347,477	$347,477	$382,499
Remaining term (yrs)	25.4	25.4	30.0
Secondary amount	$0	$35,023	$0
Funding fee	$0	$0	$0
Note rate	3.450%	3.450%	7.400%
Blended rate	4.300%	4.730%	7.640%
1st payment	$1,708.88	$1,708.88	$2,648.35
2nd payment	$0.00	$262.67	$0.00
Taxes / mo	$115.67	$115.67	$115.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$271.25	$271.25	$76.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,245.80	$2,508.47	$2,990.51
Cash to close	$77,522	$42,500	$42,500