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$212,392$212,392$243,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$30,608$0
Funding fee$0$0$0
Note rate2.99%2.99%7.24%
Blended rate3.84%4.49%7.48%
1st payment$1,012.92$1,012.92$1,656.04
2nd payment$0.00$229.56$0.00
Taxes / mo$163.00$163.00$163.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$48.60
HOA / mo$34.00$34.00$34.00
Total monthly$1,530.32$1,759.88$2,051.64
Cash to close$57,608$27,000$27,000