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	$171,182	$171,182	$251,910
Remaining term (yrs)	22.5	22.5	30.0
Secondary amount	$0	$80,728	$0
Funding fee	$856	$856	$0
Note rate	4.410%	4.410%	7.400%
Blended rate	4.410%	5.881%	7.640%
1st payment	$998.65	$998.65	$1,744.17
2nd payment	$0.00	$605.46	$0.00
Taxes / mo	$182.25	$182.25	$182.25
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$50.38
HOA / mo	$170.00	$170.00	$170.00
Total monthly	$1,500.90	$2,106.36	$2,296.81
Cash to close	$108,718	$27,990	$27,990