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	$315,526	$315,526	$382,410
Remaining term (yrs)	24.3	24.3	30.0
Secondary amount	$0	$66,884	$0
Funding fee	$1,578	$1,578	$0
Note rate	2.660%	2.660%	7.400%
Blended rate	2.660%	3.769%	7.640%
1st payment	$1,465.33	$1,465.33	$2,647.73
2nd payment	$0.00	$501.63	$0.00
Taxes / mo	$110.08	$110.08	$110.08
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$76.48
HOA / mo	$105.00	$105.00	$105.00
Total monthly	$1,830.42	$2,332.04	$3,089.29
Cash to close	$109,374	$42,490	$42,490