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$193,669$193,669$405,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$211,331$0
Funding fee$0$0$0
Note rate3.100%3.100%7.240%
Blended rate3.950%5.933%7.480%
1st payment$922.42$922.42$2,760.07
2nd payment$0.00$1,364.84$0.00
Taxes / mo$81.83$81.83$81.83
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,307.26$2,672.11$3,072.90
Cash to close$256,331$45,000$45,000