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	$132,157	$132,157	$468,000
Remaining term (yrs)	28.0	28.0	30.0
Secondary amount	$0	$335,843	$0
Funding fee	$661	$661	$0
Note rate	6.500%	6.500%	7.400%
Blended rate	6.500%	7.397%	7.640%
1st payment	$853.29	$853.29	$3,240.34
2nd payment	$0.00	$2,168.99	$0.00
Taxes / mo	$208.08	$208.08	$208.08
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$93.60
HOA / mo	$67.00	$67.00	$67.00
Total monthly	$1,295.04	$3,464.03	$3,775.69
Cash to close	$387,843	$52,000	$52,000