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$242,094$242,094$382,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$140,406$0
Funding fee$0$0$0
Note rate3.78%3.78%7.24%
Blended rate4.63%5.867%7.48%
1st payment$1,389.74$1,389.74$2,606.73
2nd payment$0.00$936.04$0.00
Taxes / mo$265.58$265.58$265.58
Insurance / mo$150.00$150.00$150.00
MI / mo$211.78$211.78$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,017.10$2,953.14$3,098.81
Cash to close$182,906$42,500$42,500