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$139,799$139,799$256,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$116,701$0
Funding fee$0$0$0
Note rate2.9%2.9%7.24%
Blended rate3.75%5.684%7.48%
1st payment$674.34$674.34$1,748.04
2nd payment$0.00$778.01$0.00
Taxes / mo$149.67$149.67$149.67
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,088.76$1,866.77$2,099.01
Cash to close$145,201$28,500$28,500