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	$543,213	$543,213	$607,500
Remaining term (yrs)	25.7	25.7	30.0
Secondary amount	$0	$64,287	$0
Funding fee	$2,716	$2,716	$0
Note rate	5.300%	5.300%	7.400%
Blended rate	5.300%	5.692%	7.640%
1st payment	$3,220.77	$3,220.77	$4,206.21
2nd payment	$0.00	$482.15	$0.00
Taxes / mo	$179.17	$179.17	$179.17
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$121.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$3,566.60	$4,048.75	$4,673.54
Cash to close	$131,787	$67,500	$67,500