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	$1,262,434	$1,262,434	$1,890,000
Remaining term (yrs)	29.1	29.1	30.0
Secondary amount	$0	$627,566	$0
Funding fee	$6,312	$6,312	$0
Note rate	6.220%	6.220%	7.400%
Blended rate	6.220%	6.728%	7.640%
1st payment	$7,816.96	$7,816.96	$13,085.98
2nd payment	$0.00	$4,053.03	$0.00
Taxes / mo	$903.83	$903.83	$903.83
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$378.00
HOA / mo	$1,697.00	$1,697.00	$1,697.00
Total monthly	$10,634.46	$14,687.49	$16,281.48
Cash to close	$837,566	$210,000	$210,000