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	$62,511	$62,511	$225,000
Remaining term (yrs)	15.1	15.1	30.0
Secondary amount	$0	$162,489	$0
Funding fee	$313	$313	$0
Note rate	4.110%	4.110%	7.400%
Blended rate	4.110%	6.919%	7.640%
1st payment	$460.32	$460.32	$1,557.85
2nd payment	$0.00	$1,083.26	$0.00
Taxes / mo	$40.33	$40.33	$40.33
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$45.00
HOA / mo	$354.00	$354.00	$354.00
Total monthly	$1,004.65	$2,087.91	$2,147.19
Cash to close	$187,489	$25,000	$25,000