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$357,834$357,834$481,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$123,666$0
Funding fee$0$0$0
Note rate3.85%3.85%7.24%
Blended rate4.7%5.548%7.48%
1st payment$1,837.60$1,837.60$3,281.41
2nd payment$0.00$824.44$0.00
Taxes / mo$153.67$153.67$153.67
Insurance / mo$166.67$166.67$166.67
MI / mo$277.65$277.65$96.30
HOA / mo$285.00$285.00$285.00
Total monthly$2,720.58$3,545.02$3,983.05
Cash to close$177,166$53,500$53,500