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	$147,784	$147,784	$319,500
Remaining term (yrs)	15.7	15.7	30.0
Secondary amount	$0	$171,716	$0
Funding fee	$0	$0	$0
Note rate	3.800%	3.800%	7.400%
Blended rate	4.650%	6.450%	7.640%
1st payment	$1,036.32	$1,036.32	$2,212.15
2nd payment	$0.00	$1,144.77	$0.00
Taxes / mo	$124.17	$124.17	$124.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$157.54	$157.54	$63.90
HOA / mo	$115.00	$115.00	$115.00
Total monthly	$1,583.03	$2,727.80	$2,665.22
Cash to close	$207,216	$35,500	$35,500