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$203,593$203,593$301,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$97,907$0
Funding fee$0$0$0
Note rate3.07%3.07%7.24%
Blended rate3.92%5.57%7.48%
1st payment$968.61$968.61$2,054.72
2nd payment$0.00$734.30$0.00
Taxes / mo$79.83$79.83$79.83
Insurance / mo$150.00$150.00$150.00
MI / mo$161.29$161.29$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.73$2,094.03$2,344.85
Cash to close$131,407$33,500$33,500