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	$401,476	$401,476	$427,500
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$26,024	$0
Funding fee	$2,007	$2,007	$0
Note rate	6.420%	6.420%	7.400%
Blended rate	6.420%	6.577%	7.640%
1st payment	$2,633.05	$2,633.05	$2,959.92
2nd payment	$0.00	$195.18	$0.00
Taxes / mo	$109.92	$109.92	$109.92
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$85.50
HOA / mo	$82.00	$82.00	$82.00
Total monthly	$2,991.64	$3,186.82	$3,404.01
Cash to close	$73,524	$47,500	$47,500