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	$225,913	$225,913	$359,100
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$133,187	$0
Funding fee	$1,130	$1,130	$0
Note rate	2.870%	2.870%	7.400%
Blended rate	2.870%	4.773%	7.640%
1st payment	$1,075.91	$1,075.91	$2,486.34
2nd payment	$0.00	$887.91	$0.00
Taxes / mo	$121.67	$121.67	$121.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$71.82
HOA / mo	$65.00	$65.00	$65.00
Total monthly	$1,412.58	$2,300.49	$2,894.82
Cash to close	$173,087	$39,900	$39,900