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	$140,987	$140,987	$261,000
Remaining term (yrs)	24.4	24.4	30.0
Secondary amount	$0	$120,013	$0
Funding fee	$705	$705	$0
Note rate	2.790%	2.790%	7.400%
Blended rate	2.790%	5.186%	7.640%
1st payment	$662.51	$662.51	$1,807.11
2nd payment	$0.00	$800.08	$0.00
Taxes / mo	$79.75	$79.75	$79.75
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$52.20
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$892.26	$1,692.35	$2,089.06
Cash to close	$149,013	$29,000	$29,000