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	$118,405	$118,405	$404,910
Remaining term (yrs)	18.4	18.4	30.0
Secondary amount	$0	$286,505	$0
Funding fee	$592	$592	$0
Note rate	3.730%	3.730%	7.400%
Blended rate	3.730%	6.574%	7.640%
1st payment	$739.17	$739.17	$2,803.52
2nd payment	$0.00	$1,850.35	$0.00
Taxes / mo	$182.00	$182.00	$182.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$80.98
HOA / mo	$153.50	$153.50	$153.50
Total monthly	$1,224.67	$3,075.02	$3,370.00
Cash to close	$331,495	$44,990	$44,990