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	$140,867	$140,867	$350,910
Remaining term (yrs)	16.3	16.3	30.0
Secondary amount	$0	$210,043	$0
Funding fee	$704	$704	$0
Note rate	3.290%	3.290%	7.400%
Blended rate	3.290%	5.960%	7.640%
1st payment	$926.42	$926.42	$2,429.63
2nd payment	$0.00	$1,356.53	$0.00
Taxes / mo	$81.92	$81.92	$81.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$70.18
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,158.34	$2,514.87	$2,731.73
Cash to close	$249,033	$38,990	$38,990