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	$292,825	$292,825	$549,000
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$256,175	$0
Funding fee	$1,464	$1,464	$0
Note rate	2.670%	2.670%	7.400%
Blended rate	2.670%	5.040%	7.640%
1st payment	$1,361.39	$1,361.39	$3,801.17
2nd payment	$0.00	$1,654.46	$0.00
Taxes / mo	$308.50	$308.50	$308.50
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$109.80
HOA / mo	$113.00	$113.00	$113.00
Total monthly	$1,949.56	$3,604.02	$4,499.13
Cash to close	$317,175	$61,000	$61,000