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$471,454$471,454$899,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$428,045$0
Funding fee$0$0$0
Note rate3.5%3.5%7.24%
Blended rate4.35%5.968%7.48%
1st payment$2,460.50$2,460.50$6,130.07
2nd payment$0.00$2,764.46$0.00
Taxes / mo$347.25$347.25$347.25
Insurance / mo$216.67$216.67$216.67
MI / mo$388.13$388.13$179.90
HOA / mo$95.00$95.00$95.00
Total monthly$3,507.55$6,272.01$6,968.89
Cash to close$527,990$99,944$99,944