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$229,818$229,818$346,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$116,682$0
Funding fee$0$0$0
Note rate2.770%2.770%7.240%
Blended rate3.620%5.095%7.480%
1st payment$1,080.15$1,080.15$2,361.39
2nd payment$0.00$777.88$0.00
Taxes / mo$193.92$193.92$193.92
Insurance / mo$150.00$150.00$150.00
MI / mo$186.93$186.93$69.30
HOA / mo$100.00$100.00$100.00
Total monthly$1,711.00$2,488.88$2,874.61
Cash to close$155,182$38,500$38,500