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	$239,424	$239,424	$709,199
Remaining term (yrs)	19.7	19.7	30.0
Secondary amount	$0	$469,775	$0
Funding fee	$1,197	$1,197	$0
Note rate	3.600%	3.600%	7.400%
Blended rate	3.600%	6.349%	7.640%
1st payment	$1,408.95	$1,408.95	$4,910.35
2nd payment	$0.00	$3,033.96	$0.00
Taxes / mo	$89.08	$89.08	$89.08
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$141.84
HOA / mo	$10.00	$10.00	$10.00
Total monthly	$1,724.70	$4,758.66	$5,367.94
Cash to close	$548,575	$78,800	$78,800