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	$161,409	$161,409	$215,910
Remaining term (yrs)	23.9	23.9	30.0
Secondary amount	$0	$54,501	$0
Funding fee	$0	$0	$0
Note rate	3.020%	3.020%	7.400%
Blended rate	3.870%	5.165%	7.640%
1st payment	$788.55	$788.55	$1,494.92
2nd payment	$0.00	$408.76	$0.00
Taxes / mo	$37.92	$37.92	$37.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$132.15	$132.15	$43.18
HOA / mo	$210.00	$210.00	$210.00
Total monthly	$1,318.61	$1,727.37	$1,936.02
Cash to close	$78,491	$23,990	$23,990