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	$136,608	$136,608	$198,000
Remaining term (yrs)	24.0	24.0	30.0
Secondary amount	$0	$61,392	$0
Funding fee	$0	$0	$0
Note rate	2.890%	2.890%	7.400%
Blended rate	3.740%	5.371%	7.640%
1st payment	$655.10	$655.10	$1,370.91
2nd payment	$0.00	$460.44	$0.00
Taxes / mo	$40.92	$40.92	$40.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$111.63	$111.63	$39.60
HOA / mo	$199.00	$199.00	$199.00
Total monthly	$1,156.65	$1,617.08	$1,800.43
Cash to close	$83,392	$22,000	$22,000