Coya Beaston

(615) 969-3457
Dan Frey Home Loans
Call Coya

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 · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$298,515$298,515$395,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$96,585$0
Funding fee$0$0$0
Note rate3.09%3.09%7.24%
Blended rate3.94%5.177%7.48%
1st payment$1,423.33$1,423.33$2,692.60
2nd payment$0.00$724.39$0.00
Taxes / mo$280.25$280.25$280.25
Insurance / mo$150.00$150.00$150.00
MI / mo$236.40$236.40$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.98$2,814.37$3,201.87
Cash to close$140,485$43,900$43,900