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	$256,855	$256,855	$355,500
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$98,645	$0
Funding fee	$0	$0	$0
Note rate	3.090%	3.090%	7.400%
Blended rate	3.940%	5.344%	7.640%
1st payment	$1,241.13	$1,241.13	$2,461.41
2nd payment	$0.00	$739.84	$0.00
Taxes / mo	$172.67	$172.67	$172.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$206.14	$206.14	$71.10
HOA / mo	$81.00	$81.00	$81.00
Total monthly	$1,850.93	$2,590.77	$2,936.18
Cash to close	$138,145	$39,500	$39,500