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	$249,999	$249,999	$373,500
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$123,501	$0
Funding fee	$0	$0	$0
Note rate	2.670%	2.670%	7.400%
Blended rate	3.520%	5.001%	7.640%
1st payment	$1,153.93	$1,153.93	$2,586.04
2nd payment	$0.00	$823.34	$0.00
Taxes / mo	$108.50	$108.50	$108.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$202.31	$202.31	$74.70
HOA / mo	$134.00	$134.00	$134.00
Total monthly	$1,748.74	$2,572.08	$3,053.24
Cash to close	$165,001	$41,500	$41,500