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$86,415$86,415$225,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$138,585$0
Funding fee$0$0$0
Note rate3.500%3.500%7.240%
Blended rate4.350%6.598%7.480%
1st payment$507.05$507.05$1,533.37
2nd payment$0.00$923.90$0.00
Taxes / mo$69.67$69.67$69.67
Insurance / mo$150.00$150.00$150.00
MI / mo$79.98$79.98$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$806.70$1,730.59$1,798.04
Cash to close$163,585$25,000$25,000