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	$357,344	$357,344	$503,910
Remaining term (yrs)	29.3	29.3	30.0
Secondary amount	$0	$146,566	$0
Funding fee	$1,787	$1,787	$0
Note rate	6.210%	6.210%	7.400%
Blended rate	6.210%	6.731%	7.640%
1st payment	$2,205.94	$2,205.94	$3,488.97
2nd payment	$0.00	$977.11	$0.00
Taxes / mo	$308.00	$308.00	$308.00
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$100.78
HOA / mo	$100.00	$100.00	$100.00
Total monthly	$2,780.60	$3,757.71	$4,164.42
Cash to close	$202,556	$55,990	$55,990