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 · VA	Assumable Loan + Second Assumable · VA	Current Market Conventional New · Conventional
Loan amount	$127,012	$127,012	$161,910
Remaining term (yrs)	27.7	27.7	30.0
Secondary amount	$0	$34,898	$0
Funding fee	$635	$635	$0
Note rate	6.990%	6.990%	7.400%
Blended rate	6.990%	7.423%	7.640%
1st payment	$864.02	$864.02	$1,121.03
2nd payment	$0.00	$261.73	$0.00
Taxes / mo	$23.92	$23.92	$23.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$32.38
HOA / mo	$50.42	$50.42	$50.42
Total monthly	$1,088.36	$1,350.09	$1,377.75
Cash to close	$52,888	$17,990	$17,990