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$231,837$231,837$562,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$330,663$0
Funding fee$0$0$0
Note rate2.98%2.98%7.24%
Blended rate3.83%6.134%7.48%
1st payment$1,096.99$1,096.99$3,833.43
2nd payment$0.00$2,135.53$0.00
Taxes / mo$105.67$105.67$105.67
Insurance / mo$166.67$166.67$166.67
MI / mo$184.78$184.78$112.50
HOA / mo$250.00$250.00$250.00
Total monthly$1,804.10$3,939.63$4,468.26
Cash to close$393,163$62,500$62,500