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	$142,589	$142,589	$315,000
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$172,411	$0
Funding fee	$713	$713	$0
Note rate	2.810%	2.810%	7.400%
Blended rate	2.810%	5.651%	7.640%
1st payment	$669.91	$669.91	$2,181.00
2nd payment	$0.00	$1,149.41	$0.00
Taxes / mo	$140.17	$140.17	$140.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$63.00
HOA / mo	$66.00	$66.00	$66.00
Total monthly	$1,026.08	$2,175.49	$2,600.16
Cash to close	$207,411	$35,000	$35,000