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	$109,047	$109,047	$286,200
Remaining term (yrs)	12.7	12.7	30.0
Secondary amount	$0	$177,153	$0
Funding fee	$0	$0	$0
Note rate	4.500%	4.500%	7.400%
Blended rate	5.350%	6.990%	7.640%
1st payment	$933.43	$933.43	$1,981.59
2nd payment	$0.00	$1,181.02	$0.00
Taxes / mo	$143.00	$143.00	$143.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$130.49	$130.49	$57.24
HOA / mo	$173.00	$173.00	$173.00
Total monthly	$1,529.92	$2,710.93	$2,504.83
Cash to close	$208,953	$31,800	$31,800