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$199,632$199,632$292,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$92,868$0
Funding fee$0$0$0
Note rate3.03%3.03%7.24%
Blended rate3.88%5.506%7.48%
1st payment$978.63$978.63$1,993.38
2nd payment$0.00$696.51$0.00
Taxes / mo$134.00$134.00$134.00
Insurance / mo$150.00$150.00$150.00
MI / mo$163.79$163.79$58.50
HOA / mo$35.00$35.00$35.00
Total monthly$1,461.42$2,157.94$2,370.88
Cash to close$125,368$32,500$32,500