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	$282,438	$282,438	$341,910
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$59,472	$0
Funding fee	$0	$0	$0
Note rate	3.000%	3.000%	7.400%
Blended rate	3.850%	4.754%	7.640%
1st payment	$1,345.39	$1,345.39	$2,367.32
2nd payment	$0.00	$446.04	$0.00
Taxes / mo	$79.75	$79.75	$79.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$226.04	$226.04	$68.38
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,801.18	$2,247.22	$2,665.45
Cash to close	$97,462	$37,990	$37,990