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	$345,745	$345,745	$421,110
Remaining term (yrs)	27.3	27.3	30.0
Secondary amount	$0	$75,365	$0
Funding fee	$1,729	$1,729	$0
Note rate	6.950%	6.950%	7.400%
Blended rate	6.950%	7.317%	7.640%
1st payment	$2,354.63	$2,354.63	$2,915.68
2nd payment	$0.00	$565.23	$0.00
Taxes / mo	$130.17	$130.17	$130.17
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$84.22
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,651.47	$3,216.70	$3,296.74
Cash to close	$122,155	$46,790	$46,790