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	$89,157	$89,157	$355,500
Remaining term (yrs)	12.1	12.1	30.0
Secondary amount	$0	$266,343	$0
Funding fee	$0	$0	$0
Note rate	5.380%	5.380%	7.400%
Blended rate	6.230%	7.369%	7.640%
1st payment	$829.48	$829.48	$2,461.41
2nd payment	$0.00	$1,720.13	$0.00
Taxes / mo	$194.50	$194.50	$194.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$104.87	$104.87	$71.10
HOA / mo	$141.00	$141.00	$141.00
Total monthly	$1,419.84	$3,139.97	$3,018.01
Cash to close	$305,843	$39,500	$39,500