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	$88,985	$88,985	$355,500
Remaining term (yrs)	27.9	27.9	30.0
Secondary amount	$0	$266,515	$0
Funding fee	$0	$0	$0
Note rate	6.730%	6.730%	7.400%
Blended rate	7.280%	7.632%	7.640%
1st payment	$589.01	$589.01	$2,461.41
2nd payment	$0.00	$1,721.24	$0.00
Taxes / mo	$73.75	$73.75	$73.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$41.71	$41.71	$71.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$854.47	$2,575.71	$2,756.26
Cash to close	$306,015	$39,500	$39,500