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$206,020$206,020$287,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$81,890$0
Funding fee$0$0$0
Note rate3.05%3.05%7.24%
Blended rate3.9%5.351%7.48%
1st payment$995.72$995.72$1,962.10
2nd payment$0.00$614.18$0.00
Taxes / mo$172.33$172.33$172.33
Insurance / mo$150.00$150.00$150.00
MI / mo$166.23$166.23$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,484.28$2,098.46$2,342.02
Cash to close$113,880$31,990$31,990