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	$250,458	$250,458	$373,500
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$123,042	$0
Funding fee	$0	$0	$0
Note rate	3.820%	3.820%	7.400%
Blended rate	4.670%	5.767%	7.640%
1st payment	$1,371.32	$1,371.32	$2,586.04
2nd payment	$0.00	$820.28	$0.00
Taxes / mo	$173.58	$173.58	$173.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$207.96	$207.96	$74.70
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,902.86	$2,723.14	$2,984.32
Cash to close	$164,542	$41,500	$41,500