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	$218,817	$218,817	$359,910
Remaining term (yrs)	23.5	23.5	30.0
Secondary amount	$0	$141,093	$0
Funding fee	$0	$0	$0
Note rate	3.470%	3.470%	7.400%
Blended rate	4.320%	5.763%	7.640%
1st payment	$1,133.31	$1,133.31	$2,491.94
2nd payment	$0.00	$940.62	$0.00
Taxes / mo	$163.00	$163.00	$163.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$179.44	$179.44	$71.98
HOA / mo	$85.00	$85.00	$85.00
Total monthly	$1,710.75	$2,651.37	$2,961.93
Cash to close	$181,083	$39,990	$39,990