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$360,715$360,715$580,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$219,785$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%5.246%7.48%
1st payment$1,730.24$1,730.24$3,956.10
2nd payment$0.00$1,419.44$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$116.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,400.83$3,820.27$4,447.20
Cash to close$284,285$64,500$64,500