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$108,786$108,786$405,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$296,214$0
Funding fee$0$0$0
Note rate2.8%2.8%7.24%
Blended rate3.65%6.649%7.48%
1st payment$512.96$512.96$2,760.07
2nd payment$0.00$1,913.05$0.00
Taxes / mo$109.50$109.50$109.50
Insurance / mo$150.00$150.00$150.00
MI / mo$88.43$88.43$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$860.89$2,773.95$3,100.57
Cash to close$341,214$45,000$45,000