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	$319,792	$319,792	$359,910
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$40,118	$0
Funding fee	$1,599	$1,599	$0
Note rate	2.780%	2.780%	7.400%
Blended rate	2.780%	3.473%	7.640%
1st payment	$1,487.03	$1,487.03	$2,491.94
2nd payment	$0.00	$300.89	$0.00
Taxes / mo	$145.42	$145.42	$145.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$71.98
HOA / mo	$167.00	$167.00	$167.00
Total monthly	$1,949.45	$2,250.34	$3,026.34
Cash to close	$80,108	$39,990	$39,990