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$385,192$385,192$404,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$42,213$0
Funding fee$0$0$0
Note rate3.850%3.850%7.240%
Blended rate4.700%5.409%7.480%
1st payment$1,974.30$1,974.30$2,759.45
2nd payment$0.00$417.74$0.00
Taxes / mo$265.67$265.67$265.67
Insurance / mo$150.00$150.00$150.00
MI / mo$298.30$298.30$80.98
HOA / mo$55.00$55.00$55.00
Total monthly$2,743.26$3,161.00$3,311.10
Cash to close$64,708$22,495$44,990