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	$355,908	$355,908	$378,000
Remaining term (yrs)	25.5	25.5	30.0
Secondary amount	$0	$43,092	$0
Funding fee	$0	$0	$0
Note rate	4.170%	4.170%	7.400%
Blended rate	5.020%	5.760%	7.640%
1st payment	$1,884.02	$1,884.02	$2,617.20
2nd payment	$0.00	$426.43	$0.00
Taxes / mo	$227.75	$227.75	$227.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$273.88	$273.88	$75.60
HOA / mo	$146.00	$146.00	$146.00
Total monthly	$2,681.65	$3,108.08	$3,216.55
Cash to close	$64,092	$21,000	$42,000