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	$243,733	$243,733	$422,910
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$179,177	$0
Funding fee	$1,219	$1,219	$0
Note rate	4.060%	4.060%	7.400%
Blended rate	4.060%	5.729%	7.640%
1st payment	$1,366.06	$1,366.06	$2,928.14
2nd payment	$0.00	$1,194.51	$0.00
Taxes / mo	$118.33	$118.33	$118.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$84.58
HOA / mo	$60.00	$60.00	$60.00
Total monthly	$1,711.06	$2,905.58	$3,357.73
Cash to close	$226,167	$46,990	$46,990