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	$253,481	$253,481	$386,999
Remaining term (yrs)	22.5	22.5	30.0
Secondary amount	$0	$133,518	$0
Funding fee	$1,267	$1,267	$0
Note rate	4.280%	4.280%	7.400%
Blended rate	4.280%	5.563%	7.640%
1st payment	$1,457.46	$1,457.46	$2,679.50
2nd payment	$0.00	$890.12	$0.00
Taxes / mo	$136.92	$136.92	$136.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$77.40
HOA / mo	$96.00	$96.00	$96.00
Total monthly	$1,840.38	$2,730.50	$3,139.82
Cash to close	$176,518	$43,000	$43,000