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$220,952$220,952$405,000
Remaining term (yrs)22.222.230.0
Secondary amount$0$184,048$0
Funding fee$0$0$0
Note rate4.750%4.750%7.240%
Blended rate5.600%6.691%7.480%
1st payment$1,341.96$1,341.96$2,760.07
2nd payment$0.00$1,226.99$0.00
Taxes / mo$195.25$195.25$195.25
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,869.43$3,096.42$3,186.32
Cash to close$229,048$45,000$45,000