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	$533,880	$533,880	$629,910
Remaining term (yrs)	28.5	28.5	30.0
Secondary amount	$0	$96,030	$0
Funding fee	$0	$0	$0
Note rate	6.890%	6.890%	7.400%
Blended rate	7.440%	7.678%	7.640%
1st payment	$3,565.74	$3,565.74	$4,361.37
2nd payment	$0.00	$720.23	$0.00
Taxes / mo	$287.75	$287.75	$287.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$248.40	$248.40	$125.98
HOA / mo	$99.00	$99.00	$99.00
Total monthly	$4,367.55	$5,087.78	$5,040.77
Cash to close	$166,020	$69,990	$69,990