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	$265,854	$265,854	$900,000
Remaining term (yrs)	23.7	23.7	30.0
Secondary amount	$0	$634,146	$0
Funding fee	$1,329	$1,329	$0
Note rate	3.280%	3.280%	7.400%
Blended rate	3.280%	6.430%	7.640%
1st payment	$1,340.96	$1,340.96	$6,231.42
2nd payment	$0.00	$4,095.53	$0.00
Taxes / mo	$415.33	$415.33	$415.33
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$180.00
HOA / mo	$232.33	$232.33	$232.33
Total monthly	$2,205.29	$6,300.82	$7,275.75
Cash to close	$734,146	$100,000	$100,000