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	$91,251	$91,251	$292,500
Remaining term (yrs)	24.4	24.4	30.0
Secondary amount	$0	$201,249	$0
Funding fee	$456	$456	$0
Note rate	2.740%	2.740%	7.400%
Blended rate	2.740%	6.187%	7.640%
1st payment	$426.47	$426.47	$2,025.21
2nd payment	$0.00	$1,299.73	$0.00
Taxes / mo	$43.75	$43.75	$43.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$58.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$620.22	$1,919.95	$2,277.46
Cash to close	$233,749	$32,500	$32,500