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	$231,415	$231,415	$295,200
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$63,785	$0
Funding fee	$1,157	$1,157	$0
Note rate	3.100%	3.100%	7.400%
Blended rate	3.100%	4.375%	7.640%
1st payment	$1,097.43	$1,097.43	$2,043.91
2nd payment	$0.00	$478.39	$0.00
Taxes / mo	$198.67	$198.67	$198.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$59.04
HOA / mo	$133.00	$133.00	$133.00
Total monthly	$1,579.10	$2,057.49	$2,584.61
Cash to close	$96,585	$32,800	$32,800