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$137,787$137,787$359,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$221,313$0
Funding fee$0$0$0
Note rate2.88%2.88%7.24%
Blended rate3.73%6.208%7.48%
1st payment$646.31$646.31$2,447.26
2nd payment$0.00$1,429.31$0.00
Taxes / mo$45.83$45.83$45.83
Insurance / mo$150.00$150.00$150.00
MI / mo$110.27$110.27$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$952.41$2,381.73$2,714.91
Cash to close$261,213$39,900$39,900