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	$304,453	$304,453	$323,910
Remaining term (yrs)	24.8	24.8	30.0
Secondary amount	$0	$37,452	$0
Funding fee	$0	$0	$0
Note rate	2.930%	2.930%	7.400%
Blended rate	3.780%	4.667%	7.640%
1st payment	$1,435.94	$1,435.94	$2,242.69
2nd payment	$0.00	$370.62	$0.00
Taxes / mo	$147.25	$147.25	$147.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$243.43	$243.43	$64.78
HOA / mo	$201.00	$201.00	$201.00
Total monthly	$2,177.62	$2,548.23	$2,805.72
Cash to close	$55,447	$17,995	$35,990