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	$344,475	$344,475	$540,000
Remaining term (yrs)	23.8	23.8	30.0
Secondary amount	$0	$195,525	$0
Funding fee	$1,722	$1,722	$0
Note rate	3.210%	3.210%	7.400%
Blended rate	3.210%	4.944%	7.640%
1st payment	$1,720.91	$1,720.91	$3,738.85
2nd payment	$0.00	$1,303.50	$0.00
Taxes / mo	$253.42	$253.42	$253.42
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$108.00
HOA / mo	$79.00	$79.00	$79.00
Total monthly	$2,219.99	$3,523.49	$4,345.93
Cash to close	$255,525	$60,000	$60,000