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$307,461$307,461$315,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,039$0
Funding fee$0$0$0
Note rate4.990%4.990%7.240%
Blended rate5.840%6.294%7.480%
1st payment$1,763.77$1,763.77$2,146.72
2nd payment$0.00$247.78$0.00
Taxes / mo$124.00$124.00$124.00
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,270.76$2,518.54$2,483.72
Cash to close$42,539$17,500$35,000