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	$212,387	$212,387	$621,000
Remaining term (yrs)	23.6	23.6	30.0
Secondary amount	$0	$408,613	$0
Funding fee	$1,062	$1,062	$0
Note rate	3.330%	3.330%	7.400%
Blended rate	3.330%	6.238%	7.640%
1st payment	$1,079.33	$1,079.33	$4,299.68
2nd payment	$0.00	$2,638.96	$0.00
Taxes / mo	$193.42	$193.42	$193.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$124.20
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,439.42	$4,078.37	$4,783.96
Cash to close	$477,613	$69,000	$69,000