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	$242,113	$242,113	$306,000
Remaining term (yrs)	25.5	25.5	30.0
Secondary amount	$0	$63,887	$0
Funding fee	$0	$0	$0
Note rate	3.890%	3.890%	7.400%
Blended rate	4.740%	5.629%	7.640%
1st payment	$1,246.28	$1,246.28	$2,118.68
2nd payment	$0.00	$479.15	$0.00
Taxes / mo	$188.08	$188.08	$188.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$187.39	$187.39	$61.20
HOA / mo	$73.00	$73.00	$73.00
Total monthly	$1,844.76	$2,323.91	$2,590.97
Cash to close	$97,887	$34,000	$34,000