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	$219,993	$219,993	$539,100
Remaining term (yrs)	18.9	18.9	30.0
Secondary amount	$0	$319,107	$0
Funding fee	$1,100	$1,100	$0
Note rate	4.080%	4.080%	7.400%
Blended rate	4.080%	6.252%	7.640%
1st payment	$1,388.27	$1,388.27	$3,732.62
2nd payment	$0.00	$2,060.90	$0.00
Taxes / mo	$243.50	$243.50	$243.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$107.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,798.44	$3,859.34	$4,250.61
Cash to close	$379,007	$59,900	$59,900