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	$53,805	$53,805	$215,910
Remaining term (yrs)	16.4	16.4	30.0
Secondary amount	$0	$162,105	$0
Funding fee	$269	$269	$0
Note rate	3.420%	3.420%	7.400%
Blended rate	3.420%	6.859%	7.640%
1st payment	$355.96	$355.96	$1,494.92
2nd payment	$0.00	$1,080.70	$0.00
Taxes / mo	$88.67	$88.67	$88.67
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$43.18
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$594.63	$1,675.33	$1,776.77
Cash to close	$186,095	$23,990	$23,990