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	$187,933	$187,933	$359,730
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$171,797	$0
Funding fee	$940	$940	$0
Note rate	2.250%	2.250%	7.400%
Blended rate	2.250%	4.996%	7.640%
1st payment	$836.38	$836.38	$2,490.70
2nd payment	$0.00	$1,145.32	$0.00
Taxes / mo	$198.17	$198.17	$198.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$71.95
HOA / mo	$78.00	$78.00	$78.00
Total monthly	$1,262.54	$2,407.86	$2,988.81
Cash to close	$211,767	$39,970	$39,970