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	$331,947	$331,947	$343,797
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$30,951	$0
Funding fee	$0	$0	$0
Note rate	6.360%	6.360%	7.400%
Blended rate	7.210%	7.333%	7.640%
1st payment	$2,164.47	$2,164.47	$2,380.38
2nd payment	$0.00	$306.28	$0.00
Taxes / mo	$169.25	$169.25	$169.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$159.27	$159.27	$68.76
HOA / mo	$140.00	$140.00	$140.00
Total monthly	$2,782.99	$3,089.27	$2,908.39
Cash to close	$50,050	$19,100	$38,200