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	$196,887	$196,887	$387,000
Remaining term (yrs)	21.5	21.5	30.0
Secondary amount	$0	$190,113	$0
Funding fee	$0	$0	$0
Note rate	4.220%	4.220%	7.400%
Blended rate	5.070%	6.509%	7.640%
1st payment	$1,159.46	$1,159.46	$2,679.51
2nd payment	$0.00	$1,267.42	$0.00
Taxes / mo	$227.67	$227.67	$227.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$167.55	$167.55	$77.40
HOA / mo	$98.00	$98.00	$98.00
Total monthly	$1,802.68	$3,070.10	$3,232.58
Cash to close	$233,113	$43,000	$43,000