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	$254,997	$254,997	$324,000
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$69,003	$0
Funding fee	$1,275	$1,275	$0
Note rate	3.010%	3.010%	7.400%
Blended rate	3.010%	4.286%	7.640%
1st payment	$1,250.39	$1,250.39	$2,243.31
2nd payment	$0.00	$517.53	$0.00
Taxes / mo	$169.50	$169.50	$169.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$64.80
HOA / mo	$359.00	$359.00	$359.00
Total monthly	$1,928.89	$2,446.41	$2,986.61
Cash to close	$105,003	$36,000	$36,000