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	$328,946	$328,946	$359,100
Remaining term (yrs)	25.7	25.7	30.0
Secondary amount	$0	$30,154	$0
Funding fee	$1,645	$1,645	$0
Note rate	5.230%	5.230%	7.400%
Blended rate	5.230%	5.547%	7.640%
1st payment	$1,936.64	$1,936.64	$2,486.34
2nd payment	$0.00	$226.15	$0.00
Taxes / mo	$113.08	$113.08	$113.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$71.82
HOA / mo	$84.00	$84.00	$84.00
Total monthly	$2,283.73	$2,509.88	$2,905.24
Cash to close	$70,054	$39,900	$39,900