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	$300,908	$300,908	$562,500
Remaining term (yrs)	23.9	23.9	30.0
Secondary amount	$0	$261,592	$0
Funding fee	$1,505	$1,505	$0
Note rate	2.980%	2.980%	7.400%
Blended rate	2.980%	5.198%	7.640%
1st payment	$1,463.85	$1,463.85	$3,894.64
2nd payment	$0.00	$1,689.45	$0.00
Taxes / mo	$127.75	$127.75	$127.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$112.50
HOA / mo	$38.33	$38.33	$38.33
Total monthly	$1,796.60	$3,486.05	$4,339.88
Cash to close	$324,092	$62,500	$62,500