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	$309,784	$309,784	$607,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$297,716	$0
Funding fee	$1,549	$1,549	$0
Note rate	2.650%	2.650%	7.400%
Blended rate	2.650%	5.149%	7.640%
1st payment	$1,440.60	$1,440.60	$4,206.21
2nd payment	$0.00	$1,922.75	$0.00
Taxes / mo	$117.25	$117.25	$117.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$121.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,724.51	$3,647.26	$4,611.62
Cash to close	$365,216	$67,500	$67,500