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	$320,586	$320,586	$364,500
Remaining term (yrs)	25.4	25.4	30.0
Secondary amount	$0	$43,914	$0
Funding fee	$1,603	$1,603	$0
Note rate	3.550%	3.550%	7.400%
Blended rate	3.550%	4.207%	7.640%
1st payment	$1,593.90	$1,593.90	$2,523.72
2nd payment	$0.00	$329.35	$0.00
Taxes / mo	$238.50	$238.50	$238.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$72.90
HOA / mo	$146.75	$146.75	$146.75
Total monthly	$2,129.15	$2,458.50	$3,131.87
Cash to close	$84,414	$40,500	$40,500