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	$169,928	$169,928	$328,500
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$158,572	$0
Funding fee	$850	$850	$0
Note rate	4.010%	4.010%	7.400%
Blended rate	4.010%	5.936%	7.640%
1st payment	$1,003.78	$1,003.78	$2,274.47
2nd payment	$0.00	$1,057.15	$0.00
Taxes / mo	$141.42	$141.42	$141.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$65.70
HOA / mo	$66.67	$66.67	$66.67
Total monthly	$1,361.87	$2,419.02	$2,698.25
Cash to close	$195,072	$36,500	$36,500