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	$428,910	$428,910	$472,500
Remaining term (yrs)	25.5	25.5	30.0
Secondary amount	$0	$43,590	$0
Funding fee	$2,145	$2,145	$0
Note rate	4.420%	4.420%	7.400%
Blended rate	4.420%	4.843%	7.640%
1st payment	$2,331.02	$2,331.02	$3,271.49
2nd payment	$0.00	$326.93	$0.00
Taxes / mo	$187.00	$187.00	$187.00
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$94.50
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$2,784.69	$3,111.62	$3,819.66
Cash to close	$96,090	$52,500	$52,500