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	$436,500	$436,500	$638,100
Remaining term (yrs)	24.9	24.9	30.0
Secondary amount	$0	$201,600	$0
Funding fee	$2,183	$2,183	$0
Note rate	2.870%	2.870%	7.400%
Blended rate	2.870%	4.412%	7.640%
1st payment	$2,040.54	$2,040.54	$4,418.08
2nd payment	$0.00	$1,302.00	$0.00
Taxes / mo	$185.58	$185.58	$185.58
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$127.62
HOA / mo	$62.00	$62.00	$62.00
Total monthly	$2,504.79	$3,806.79	$5,009.95
Cash to close	$272,500	$70,900	$70,900