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$24,137$24,137$360,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$335,863$0
Funding fee$0$0$0
Note rate3.070%3.070%7.240%
Blended rate3.920%7.493%7.480%
1st payment$113.35$113.35$2,453.39
2nd payment$0.00$2,169.12$0.00
Taxes / mo$463.17$463.17$463.17
Insurance / mo$150.00$150.00$150.00
MI / mo$18.87$18.87$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$745.39$2,914.51$3,138.56
Cash to close$375,863$40,000$40,000