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	$161,881	$161,881	$220,500
Remaining term (yrs)	23.4	23.4	30.0
Secondary amount	$0	$58,619	$0
Funding fee	$809	$809	$0
Note rate	3.620%	3.620%	7.400%
Blended rate	3.620%	5.050%	7.640%
1st payment	$853.24	$853.24	$1,526.70
2nd payment	$0.00	$439.64	$0.00
Taxes / mo	$61.67	$61.67	$61.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$44.10
HOA / mo	$263.00	$263.00	$263.00
Total monthly	$1,327.91	$1,767.55	$2,045.46
Cash to close	$83,119	$24,500	$24,500