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	$312,599	$312,599	$471,600
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$159,001	$0
Funding fee	$1,563	$1,563	$0
Note rate	2.960%	2.960%	7.400%
Blended rate	2.960%	4.659%	7.640%
1st payment	$1,482.58	$1,482.58	$3,265.26
2nd payment	$0.00	$1,060.01	$0.00
Taxes / mo	$210.67	$210.67	$210.67
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$94.32
HOA / mo	$237.00	$237.00	$237.00
Total monthly	$2,096.91	$3,156.92	$3,973.92
Cash to close	$211,401	$52,400	$52,400