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$293,348$293,348$310,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$34,402$0
Funding fee$0$0$0
Note rate3.130%3.130%7.240%
Blended rate3.980%4.809%7.480%
1st payment$1,426.79$1,426.79$2,116.05
2nd payment$0.00$340.44$0.00
Taxes / mo$258.83$258.83$258.83
Insurance / mo$150.00$150.00$150.00
MI / mo$235.78$235.78$62.10
HOA / mo$155.00$155.00$155.00
Total monthly$2,226.40$2,566.84$2,741.99
Cash to close$51,652$17,250$34,500