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	$262,996	$262,996	$405,000
Remaining term (yrs)	24.0	24.0	30.0
Secondary amount	$0	$142,004	$0
Funding fee	$0	$0	$0
Note rate	2.890%	2.890%	7.400%
Blended rate	3.740%	5.234%	7.640%
1st payment	$1,261.19	$1,261.19	$2,804.14
2nd payment	$0.00	$946.69	$0.00
Taxes / mo	$226.42	$226.42	$226.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$214.90	$214.90	$81.00
HOA / mo	$138.00	$138.00	$138.00
Total monthly	$1,990.51	$2,937.20	$3,399.55
Cash to close	$187,004	$45,000	$45,000