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$167,039$167,039$288,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$120,961$0
Funding fee$0$0$0
Note rate2.800%2.800%7.240%
Blended rate3.650%5.477%7.480%
1st payment$776.64$776.64$1,962.71
2nd payment$0.00$806.41$0.00
Taxes / mo$106.00$106.00$106.00
Insurance / mo$150.00$150.00$150.00
MI / mo$133.88$133.88$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,166.52$1,972.93$2,276.31
Cash to close$152,961$32,000$32,000