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	$94,058	$94,058	$269,100
Remaining term (yrs)	18.7	18.7	30.0
Secondary amount	$0	$175,042	$0
Funding fee	$470	$470	$0
Note rate	3.840%	3.840%	7.400%
Blended rate	3.840%	6.546%	7.640%
1st payment	$585.30	$585.30	$1,863.19
2nd payment	$0.00	$1,166.95	$0.00
Taxes / mo	$90.42	$90.42	$90.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$53.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$825.71	$1,992.66	$2,157.43
Cash to close	$204,942	$29,900	$29,900