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	$406,594	$406,594	$477,000
Remaining term (yrs)	25.7	25.7	30.0
Secondary amount	$0	$70,406	$0
Funding fee	$0	$0	$0
Note rate	5.230%	5.230%	7.400%
Blended rate	6.080%	6.511%	7.640%
1st payment	$2,393.79	$2,393.79	$3,302.65
2nd payment	$0.00	$528.04	$0.00
Taxes / mo	$211.17	$211.17	$211.17
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$307.75	$307.75	$95.40
HOA / mo	$163.00	$163.00	$163.00
Total monthly	$3,242.38	$3,770.42	$3,938.88
Cash to close	$123,406	$53,000	$53,000