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	$251,185	$251,185	$405,000
Remaining term (yrs)	23.2	23.2	30.0
Secondary amount	$0	$153,815	$0
Funding fee	$1,256	$1,256	$0
Note rate	3.750%	3.750%	7.400%
Blended rate	3.750%	5.364%	7.640%
1st payment	$1,347.40	$1,347.40	$2,804.14
2nd payment	$0.00	$1,025.44	$0.00
Taxes / mo	$135.17	$135.17	$135.17
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$81.00
HOA / mo	$95.00	$95.00	$95.00
Total monthly	$1,727.56	$2,753.00	$3,265.30
Cash to close	$198,815	$45,000	$45,000