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	$63,253	$63,253	$315,000
Remaining term (yrs)	14.8	14.8	30.0
Secondary amount	$0	$251,747	$0
Funding fee	$316	$316	$0
Note rate	4.460%	4.460%	7.400%
Blended rate	4.460%	7.089%	7.640%
1st payment	$484.49	$484.49	$2,181.00
2nd payment	$0.00	$1,625.86	$0.00
Taxes / mo	$149.25	$149.25	$149.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$63.00
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$783.74	$2,409.60	$2,543.25
Cash to close	$286,747	$35,000	$35,000