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	$297,440	$297,440	$360,000
Remaining term (yrs)	28.6	28.6	30.0
Secondary amount	$0	$62,560	$0
Funding fee	$1,487	$1,487	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	6.500%	6.934%	7.640%
1st payment	$1,906.89	$1,906.89	$2,492.57
2nd payment	$0.00	$469.20	$0.00
Taxes / mo	$7.92	$7.92	$7.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$72.00
HOA / mo	$150.00	$150.00	$150.00
Total monthly	$2,214.80	$2,684.00	$2,872.48
Cash to close	$102,560	$40,000	$40,000