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$221,502$221,502$297,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$75,498$0
Funding fee$0$0$0
Note rate2.84%2.84%7.24%
Blended rate3.69%5.04%7.48%
1st payment$1,054.00$1,054.00$2,024.05
2nd payment$0.00$566.23$0.00
Taxes / mo$154.08$154.08$154.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.76$180.76$59.40
HOA / mo$42.00$42.00$42.00
Total monthly$1,580.85$2,147.08$2,429.53
Cash to close$108,498$33,000$33,000