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$86,983$86,983$148,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$61,517$0
Funding fee$0$0$0
Note rate3.94%3.94%7.24%
Blended rate4.79%6.534%7.48%
1st payment$511.91$511.91$1,012.02
2nd payment$0.00$461.38$0.00
Taxes / mo$205.58$205.58$205.58
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$944.00$1,405.38$1,397.31
Cash to close$78,017$16,500$16,500