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$259,410$259,410$400,410
Remaining term (yrs)22.822.830.0
Secondary amount$0$141,000$0
Funding fee$0$0$0
Note rate3.75%3.75%7.24%
Blended rate4.6%5.797%7.48%
1st payment$1,407.38$1,407.38$2,728.79
2nd payment$0.00$940.00$0.00
Taxes / mo$269.25$269.25$269.25
Insurance / mo$150.00$150.00$150.00
MI / mo$215.26$215.26$80.08
HOA / mo$71.00$71.00$71.00
Total monthly$2,112.88$3,052.88$3,299.12
Cash to close$185,490$44,490$44,490