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	$751,742	$751,742	$1,003,500
Remaining term (yrs)	24.7	24.7	30.0
Secondary amount	$0	$251,758	$0
Funding fee	$3,759	$3,759	$0
Note rate	2.960%	2.960%	7.400%
Blended rate	2.960%	4.162%	7.640%
1st payment	$3,565.32	$3,565.32	$6,948.03
2nd payment	$0.00	$1,625.94	$0.00
Taxes / mo	$393.17	$393.17	$393.17
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$200.70
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$4,175.16	$5,801.09	$7,758.56
Cash to close	$363,258	$111,500	$111,500