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$113,920$113,920$265,500
Remaining term (yrs)21.321.330.0
Secondary amount$0$151,580$0
Funding fee$0$0$0
Note rate4.220%4.220%7.240%
Blended rate5.070%6.743%7.480%
1st payment$674.08$674.08$1,809.38
2nd payment$0.00$1,010.53$0.00
Taxes / mo$231.33$231.33$231.33
Insurance / mo$150.00$150.00$150.00
MI / mo$97.41$97.41$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,152.82$2,163.35$2,243.81
Cash to close$181,080$29,500$29,500