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	$495,961	$495,961	$530,099
Remaining term (yrs)	28.5	28.5	30.0
Secondary amount	$0	$34,138	$0
Funding fee	$2,480	$2,480	$0
Note rate	3.990%	3.990%	7.400%
Blended rate	3.990%	4.313%	7.640%
1st payment	$2,422.29	$2,422.29	$3,670.30
2nd payment	$0.00	$256.03	$0.00
Taxes / mo	$490.83	$490.83	$490.83
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$106.02
HOA / mo	$90.00	$90.00	$90.00
Total monthly	$3,169.79	$3,425.83	$4,523.82
Cash to close	$93,038	$58,900	$58,900