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	$342,835	$342,835	$445,491
Remaining term (yrs)	25.1	25.1	30.0
Secondary amount	$0	$102,656	$0
Funding fee	$1,714	$1,714	$0
Note rate	3.050%	3.050%	7.400%
Blended rate	3.050%	4.191%	7.640%
1st payment	$1,623.90	$1,623.90	$3,084.49
2nd payment	$0.00	$684.37	$0.00
Taxes / mo	$134.25	$134.25	$134.25
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$0.00	$0.00	$89.10
HOA / mo	$65.00	$65.00	$65.00
Total monthly	$1,989.82	$2,674.19	$3,539.50
Cash to close	$152,155	$49,499	$49,499