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	$185,388	$185,388	$353,700
Remaining term (yrs)	24.1	24.1	30.0
Secondary amount	$0	$168,312	$0
Funding fee	$927	$927	$0
Note rate	2.750%	2.750%	7.400%
Blended rate	2.750%	5.248%	7.640%
1st payment	$873.64	$873.64	$2,448.95
2nd payment	$0.00	$1,122.08	$0.00
Taxes / mo	$128.83	$128.83	$128.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$70.74
HOA / mo	$88.00	$88.00	$88.00
Total monthly	$1,240.47	$2,362.55	$2,886.52
Cash to close	$207,612	$39,300	$39,300