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	$273,309	$273,309	$337,500
Remaining term (yrs)	24.2	24.2	30.0
Secondary amount	$0	$64,191	$0
Funding fee	$1,367	$1,367	$0
Note rate	2.710%	2.710%	7.400%
Blended rate	2.710%	3.906%	7.640%
1st payment	$1,279.30	$1,279.30	$2,336.78
2nd payment	$0.00	$481.43	$0.00
Taxes / mo	$125.25	$125.25	$125.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$67.50
HOA / mo	$65.00	$65.00	$65.00
Total monthly	$1,619.55	$2,100.98	$2,744.53
Cash to close	$101,691	$37,500	$37,500