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$166,842$166,842$481,500
Remaining term (yrs)20.220.230.0
Secondary amount$0$314,658$0
Funding fee$0$0$0
Note rate4.2%4.2%7.24%
Blended rate5.05%6.814%7.48%
1st payment$1,017.94$1,017.94$3,281.41
2nd payment$0.00$2,032.17$0.00
Taxes / mo$153.33$153.33$153.33
Insurance / mo$166.67$166.67$166.67
MI / mo$147.45$147.45$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,485.38$3,517.55$3,697.71
Cash to close$368,158$53,500$53,500