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	$100,386	$100,386	$328,500
Remaining term (yrs)	28.7	28.7	30.0
Secondary amount	$0	$228,114	$0
Funding fee	$502	$502	$0
Note rate	6.890%	6.890%	7.400%
Blended rate	6.890%	7.487%	7.640%
1st payment	$668.61	$668.61	$2,274.47
2nd payment	$0.00	$1,473.24	$0.00
Taxes / mo	$96.00	$96.00	$96.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$0.00	$0.00	$65.70
HOA / mo	$45.00	$45.00	$45.00
Total monthly	$959.61	$2,432.85	$2,631.17
Cash to close	$264,614	$36,500	$36,500