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	$484,945	$484,945	$675,000
Remaining term (yrs)	25.2	25.2	30.0
Secondary amount	$0	$190,055	$0
Funding fee	$2,425	$2,425	$0
Note rate	3.070%	3.070%	7.400%
Blended rate	3.070%	4.458%	7.640%
1st payment	$2,297.09	$2,297.09	$4,673.56
2nd payment	$0.00	$1,267.03	$0.00
Taxes / mo	$242.50	$242.50	$242.50
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$135.00
HOA / mo	$41.00	$41.00	$41.00
Total monthly	$2,797.26	$4,064.29	$5,308.73
Cash to close	$265,055	$75,000	$75,000