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	$177,176	$177,176	$251,100
Remaining term (yrs)	24.1	24.1	30.0
Secondary amount	$0	$73,924	$0
Funding fee	$886	$886	$0
Note rate	2.800%	2.800%	7.400%
Blended rate	2.800%	4.625%	7.640%
1st payment	$839.46	$839.46	$1,738.57
2nd payment	$0.00	$554.43	$0.00
Taxes / mo	$85.50	$85.50	$85.50
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$50.22
HOA / mo	$360.00	$360.00	$360.00
Total monthly	$1,434.96	$1,989.38	$2,384.29
Cash to close	$101,824	$27,900	$27,900