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	$185,526	$185,526	$382,500
Remaining term (yrs)	18.9	18.9	30.0
Secondary amount	$0	$196,974	$0
Funding fee	$928	$928	$0
Note rate	3.980%	3.980%	7.400%
Blended rate	3.980%	6.050%	7.640%
1st payment	$1,161.07	$1,161.07	$2,648.35
2nd payment	$0.00	$1,313.16	$0.00
Taxes / mo	$103.83	$103.83	$103.83
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$76.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,414.91	$2,728.07	$2,978.69
Cash to close	$239,474	$42,500	$42,500