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$137,983$137,983$351,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$213,017$0
Funding fee$0$0$0
Note rate2.9%2.9%7.24%
Blended rate3.75%6.178%7.48%
1st payment$662.40$662.40$2,392.06
2nd payment$0.00$1,375.74$0.00
Taxes / mo$214.08$214.08$214.08
Insurance / mo$150.00$150.00$150.00
MI / mo$112.73$112.73$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,139.21$2,514.95$2,826.34
Cash to close$252,017$39,000$39,000