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	$300,026	$300,026	$318,330
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$35,989	$0
Funding fee	$1,500	$1,500	$0
Note rate	3.080%	3.080%	7.400%
Blended rate	3.080%	4.022%	7.640%
1st payment	$1,448.16	$1,448.16	$2,204.05
2nd payment	$0.00	$356.14	$0.00
Taxes / mo	$77.58	$77.58	$77.58
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$63.67
HOA / mo	$84.67	$84.67	$84.67
Total monthly	$1,760.42	$2,116.56	$2,579.97
Cash to close	$53,674	$17,685	$35,370