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	$255,534	$255,534	$405,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$149,466	$0
Funding fee	$1,278	$1,278	$0
Note rate	2.680%	2.680%	7.400%
Blended rate	2.680%	4.643%	7.640%
1st payment	$1,189.32	$1,189.32	$2,804.14
2nd payment	$0.00	$996.44	$0.00
Taxes / mo	$230.83	$230.83	$230.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$81.00
HOA / mo	$164.00	$164.00	$164.00
Total monthly	$1,734.15	$2,730.59	$3,429.97
Cash to close	$194,466	$45,000	$45,000