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$197,604$197,604$256,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$58,896$0
Funding fee$0$0$0
Note rate3.09%3.09%7.24%
Blended rate3.94%5.102%7.48%
1st payment$942.18$942.18$1,748.04
2nd payment$0.00$441.72$0.00
Taxes / mo$115.25$115.25$115.25
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,363.92$1,805.64$2,064.59
Cash to close$87,396$28,500$28,500