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	$260,740	$260,740	$629,100
Remaining term (yrs)	22.3	22.3	30.0
Secondary amount	$0	$368,360	$0
Funding fee	$1,304	$1,304	$0
Note rate	4.510%	4.510%	7.400%
Blended rate	4.510%	6.407%	7.640%
1st payment	$1,542.13	$1,542.13	$4,355.76
2nd payment	$0.00	$2,378.99	$0.00
Taxes / mo	$245.83	$245.83	$245.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$125.82
HOA / mo	$170.00	$170.00	$170.00
Total monthly	$2,124.63	$4,503.62	$5,064.08
Cash to close	$438,260	$69,900	$69,900