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$410,374$410,374$575,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$164,726$0
Funding fee$0$0$0
Note rate3.120%3.120%7.240%
Blended rate3.970%5.124%7.480%
1st payment$1,954.62$1,954.62$3,919.30
2nd payment$0.00$1,098.18$0.00
Taxes / mo$303.50$303.50$303.50
Insurance / mo$166.67$166.67$166.67
MI / mo$323.41$323.41$115.02
HOA / mo$155.00$155.00$155.00
Total monthly$2,903.20$4,001.37$4,659.48
Cash to close$228,626$63,900$63,900