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	$71,652	$71,652	$143,100
Remaining term (yrs)	11.1	11.1	30.0
Secondary amount	$0	$71,448	$0
Funding fee	$0	$0	$0
Note rate	6.150%	6.150%	7.400%
Blended rate	7.000%	7.999%	7.640%
1st payment	$736.68	$736.68	$990.80
2nd payment	$0.00	$535.86	$0.00
Taxes / mo	$27.83	$27.83	$27.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$85.65	$85.65	$28.62
HOA / mo	$320.00	$320.00	$320.00
Total monthly	$1,320.16	$1,856.02	$1,517.25
Cash to close	$87,348	$15,900	$15,900