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	$46,999	$46,999	$468,000
Remaining term (yrs)	7.4	7.4	30.0
Secondary amount	$0	$421,001	$0
Funding fee	$235	$235	$0
Note rate	4.750%	4.750%	7.400%
Blended rate	4.750%	7.449%	7.640%
1st payment	$621.77	$621.77	$3,240.34
2nd payment	$0.00	$2,718.96	$0.00
Taxes / mo	$103.67	$103.67	$103.67
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$93.60
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$892.10	$3,611.06	$3,604.27
Cash to close	$473,001	$52,000	$52,000