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	$430,912	$430,912	$494,100
Remaining term (yrs)	24.5	24.5	30.0
Secondary amount	$0	$63,188	$0
Funding fee	$2,155	$2,155	$0
Note rate	3.125%	3.125%	7.400%
Blended rate	3.125%	3.876%	7.640%
1st payment	$2,094.76	$2,094.76	$3,421.05
2nd payment	$0.00	$473.91	$0.00
Taxes / mo	$170.08	$170.08	$170.08
Insurance / mo	$100.00	$100.00	$100.00
MI / mo	$0.00	$0.00	$98.82
HOA / mo	$112.00	$112.00	$112.00
Total monthly	$2,476.84	$2,950.75	$3,901.95
Cash to close	$118,088	$54,900	$54,900