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	$517,248	$517,248	$755,865
Remaining term (yrs)	28.3	28.3	30.0
Secondary amount	$0	$238,617	$0
Funding fee	$2,586	$2,586	$0
Note rate	6.930%	6.930%	7.400%
Blended rate	6.930%	7.189%	7.640%
1st payment	$3,474.80	$3,474.80	$5,233.46
2nd payment	$0.00	$1,541.07	$0.00
Taxes / mo	$347.58	$347.58	$347.58
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$151.17
HOA / mo	$112.00	$112.00	$112.00
Total monthly	$4,151.05	$5,692.12	$6,060.88
Cash to close	$322,602	$83,985	$83,985