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	$302,930	$302,930	$342,000
Remaining term (yrs)	25.3	25.3	30.0
Secondary amount	$0	$39,070	$0
Funding fee	$1,515	$1,515	$0
Note rate	3.050%	3.050%	7.400%
Blended rate	3.050%	3.730%	7.640%
1st payment	$1,428.64	$1,428.64	$2,367.94
2nd payment	$0.00	$293.02	$0.00
Taxes / mo	$129.42	$129.42	$129.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$68.40
HOA / mo	$130.00	$130.00	$130.00
Total monthly	$1,838.05	$2,131.08	$2,845.76
Cash to close	$77,070	$38,000	$38,000