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	$282,971	$282,971	$337,500
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$54,529	$0
Funding fee	$0	$0	$0
Note rate	3.110%	3.110%	7.400%
Blended rate	3.960%	4.774%	7.640%
1st payment	$1,343.41	$1,343.41	$2,336.78
2nd payment	$0.00	$408.97	$0.00
Taxes / mo	$160.25	$160.25	$160.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$222.56	$222.56	$67.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,876.22	$2,285.19	$2,714.53
Cash to close	$92,029	$37,500	$37,500