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$116,914$116,914$189,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$72,086$0
Funding fee$0$0$0
Note rate2.880%2.880%7.240%
Blended rate3.730%5.740%7.480%
1st payment$561.40$561.40$1,288.03
2nd payment$0.00$540.64$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$95.78$95.78$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$899.10$1,439.75$1,567.75
Cash to close$93,086$21,000$21,000