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$82,589$82,589$306,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$223,411$0
Funding fee$0$0$0
Note rate3.36%3.36%7.24%
Blended rate4.21%6.795%7.48%
1st payment$554.50$554.50$2,085.38
2nd payment$0.00$1,442.86$0.00
Taxes / mo$269.17$269.17$269.17
Insurance / mo$150.00$150.00$150.00
MI / mo$89.01$89.01$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,062.67$2,505.53$2,565.75
Cash to close$257,411$34,000$34,000