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	$497,935	$497,935	$526,500
Remaining term (yrs)	26.7	26.7	30.0
Secondary amount	$0	$28,565	$0
Funding fee	$2,490	$2,490	$0
Note rate	6.960%	6.960%	7.400%
Blended rate	6.960%	7.071%	7.640%
1st payment	$3,419.11	$3,419.11	$3,645.38
2nd payment	$0.00	$214.24	$0.00
Taxes / mo	$123.42	$123.42	$123.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$105.30
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,709.19	$3,923.43	$4,040.76
Cash to close	$87,065	$58,500	$58,500