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$281,653$281,653$360,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$78,347$0
Funding fee$0$0$0
Note rate3.090%3.090%7.240%
Blended rate3.940%5.041%7.480%
1st payment$1,340.00$1,340.00$2,453.39
2nd payment$0.00$587.60$0.00
Taxes / mo$133.33$133.33$133.33
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,845.89$2,433.49$2,808.73
Cash to close$118,347$40,000$40,000