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	$272,109	$272,109	$413,910
Remaining term (yrs)	25.2	25.2	30.0
Secondary amount	$0	$141,801	$0
Funding fee	$0	$0	$0
Note rate	3.070%	3.070%	7.400%
Blended rate	3.920%	5.318%	7.640%
1st payment	$1,288.93	$1,288.93	$2,865.83
2nd payment	$0.00	$945.34	$0.00
Taxes / mo	$227.42	$227.42	$227.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$214.63	$214.63	$82.78
HOA / mo	$248.00	$248.00	$248.00
Total monthly	$2,145.64	$3,090.97	$3,590.69
Cash to close	$187,791	$45,990	$45,990