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	$405,303	$405,303	$575,100
Remaining term (yrs)	27.1	27.1	30.0
Secondary amount	$0	$169,797	$0
Funding fee	$2,055	$2,055	$0
Note rate	5.625%	5.625%	7.400%
Blended rate	5.625%	6.319%	7.640%
1st payment	$2,459.64	$2,459.64	$3,981.88
2nd payment	$0.00	$1,131.98	$0.00
Taxes / mo	$142.33	$142.33	$142.33
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$115.02
HOA / mo	$144.00	$144.00	$144.00
Total monthly	$2,912.64	$4,044.61	$4,549.90
Cash to close	$233,697	$63,900	$63,900