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	$523,772	$523,772	$985,500
Remaining term (yrs)	27.0	27.0	30.0
Secondary amount	$0	$461,728	$0
Funding fee	$0	$0	$0
Note rate	7.310%	7.310%	7.400%
Blended rate	7.860%	7.808%	7.640%
1st payment	$3,701.82	$3,701.82	$6,823.40
2nd payment	$0.00	$2,982.00	$0.00
Taxes / mo	$199.83	$199.83	$199.83
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$247.24	$247.24	$197.10
HOA / mo	$94.00	$94.00	$94.00
Total monthly	$4,459.56	$7,441.55	$7,531.00
Cash to close	$571,228	$109,500	$109,500