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	$218,485	$218,485	$292,500
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$74,015	$0
Funding fee	$0	$0	$0
Note rate	3.220%	3.220%	7.400%
Blended rate	4.070%	5.317%	7.640%
1st payment	$1,049.93	$1,049.93	$2,025.21
2nd payment	$0.00	$555.11	$0.00
Taxes / mo	$139.33	$139.33	$139.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$171.53	$171.53	$58.50
HOA / mo	$68.67	$68.67	$68.67
Total monthly	$1,579.47	$2,134.58	$2,441.71
Cash to close	$106,515	$32,500	$32,500