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$226,237$226,237$256,950
Remaining term (yrs)25.225.230.0
Secondary amount$0$30,713$0
Funding fee$0$0$0
Note rate3.100%3.100%7.240%
Blended rate3.950%4.554%7.480%
1st payment$1,077.53$1,077.53$1,751.11
2nd payment$0.00$230.35$0.00
Taxes / mo$180.75$180.75$180.75
Insurance / mo$150.00$150.00$150.00
MI / mo$178.74$178.74$51.39
HOA / mo$0.00$0.00$0.00
Total monthly$1,587.02$1,817.37$2,133.25
Cash to close$59,263$28,550$28,550