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	$331,406	$331,406	$359,910
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$28,504	$0
Funding fee	$0	$0	$0
Note rate	3.000%	3.000%	7.400%
Blended rate	3.850%	4.258%	7.640%
1st payment	$1,578.65	$1,578.65	$2,491.94
2nd payment	$0.00	$213.78	$0.00
Taxes / mo	$86.42	$86.42	$86.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$265.23	$265.23	$71.98
HOA / mo	$75.00	$75.00	$75.00
Total monthly	$2,155.30	$2,369.08	$2,875.34
Cash to close	$68,494	$39,990	$39,990