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$137,230$137,230$396,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$258,770$0
Funding fee$0$0$0
Note rate2.27%2.27%7.24%
Blended rate3.12%6.146%7.48%
1st payment$716.64$716.64$2,698.73
2nd payment$0.00$1,671.22$0.00
Taxes / mo$195.58$195.58$195.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.13$116.13$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,178.35$2,849.57$3,123.52
Cash to close$302,770$44,000$44,000