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	$247,701	$247,701	$314,991
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$67,290	$0
Funding fee	$1,239	$1,239	$0
Note rate	3.210%	3.210%	7.400%
Blended rate	3.210%	4.447%	7.640%
1st payment	$1,240.33	$1,240.33	$2,180.93
2nd payment	$0.00	$504.68	$0.00
Taxes / mo	$145.75	$145.75	$145.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$63.00
HOA / mo	$92.00	$92.00	$92.00
Total monthly	$1,628.08	$2,132.75	$2,631.68
Cash to close	$102,289	$34,999	$34,999