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	$1,021,601	$1,021,601	$1,552,500
Remaining term (yrs)	26.7	26.7	30.0
Secondary amount	$0	$530,899	$0
Funding fee	$5,108	$5,108	$0
Note rate	6.350%	6.350%	7.400%
Blended rate	6.350%	6.829%	7.640%
1st payment	$6,615.14	$6,615.14	$10,749.20
2nd payment	$0.00	$3,428.73	$0.00
Taxes / mo	$521.33	$521.33	$521.33
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$310.50
HOA / mo	$210.00	$210.00	$210.00
Total monthly	$7,563.14	$10,991.87	$12,007.70
Cash to close	$703,399	$172,500	$172,500