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	$256,972	$256,972	$585,000
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$328,028	$0
Funding fee	$1,285	$1,285	$0
Note rate	3.990%	3.990%	7.400%
Blended rate	3.990%	6.098%	7.640%
1st payment	$1,430.52	$1,430.52	$4,050.42
2nd payment	$0.00	$2,118.51	$0.00
Taxes / mo	$277.83	$277.83	$277.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$117.00
HOA / mo	$18.25	$18.25	$18.25
Total monthly	$1,893.27	$4,011.78	$4,630.17
Cash to close	$393,028	$65,000	$65,000