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	$285,336	$285,336	$310,500
Remaining term (yrs)	25.7	25.7	30.0
Secondary amount	$0	$25,164	$0
Funding fee	$1,427	$1,427	$0
Note rate	5.230%	5.230%	7.400%
Blended rate	5.230%	5.536%	7.640%
1st payment	$1,679.89	$1,679.89	$2,149.84
2nd payment	$0.00	$188.73	$0.00
Taxes / mo	$111.08	$111.08	$111.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$62.10
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,940.98	$2,129.71	$2,473.02
Cash to close	$59,664	$34,500	$34,500