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$281,537$281,537$544,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$262,963$0
Funding fee$0$0$0
Note rate3.45%3.45%7.24%
Blended rate4.3%5.966%7.48%
1st payment$1,387.43$1,387.43$3,710.76
2nd payment$0.00$1,698.31$0.00
Taxes / mo$252.08$252.08$252.08
Insurance / mo$166.67$166.67$166.67
MI / mo$220.22$220.22$108.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,026.40$3,724.70$4,238.41
Cash to close$323,463$60,500$60,500