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	$748,574	$748,574	$808,200
Remaining term (yrs)	26.0	26.0	30.0
Secondary amount	$0	$59,626	$0
Funding fee	$3,743	$3,743	$0
Note rate	6.020%	6.020%	7.400%
Blended rate	6.020%	6.240%	7.640%
1st payment	$4,740.26	$4,740.26	$5,595.81
2nd payment	$0.00	$447.20	$0.00
Taxes / mo	$222.25	$222.25	$222.25
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$161.64
HOA / mo	$149.00	$149.00	$149.00
Total monthly	$5,328.17	$5,775.37	$6,345.37
Cash to close	$149,426	$89,800	$89,800