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	$329,433	$329,433	$359,910
Remaining term (yrs)	26.3	26.3	30.0
Secondary amount	$0	$30,477	$0
Funding fee	$1,647	$1,647	$0
Note rate	6.310%	6.310%	7.400%
Blended rate	6.310%	6.538%	7.640%
1st payment	$2,137.71	$2,137.71	$2,491.94
2nd payment	$0.00	$228.58	$0.00
Taxes / mo	$110.92	$110.92	$110.92
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$71.98
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,398.62	$2,627.20	$2,824.84
Cash to close	$70,467	$39,990	$39,990