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$70,811$70,811$292,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$221,689$0
Funding fee$0$0$0
Note rate2.87%2.87%7.24%
Blended rate3.72%6.774%7.48%
1st payment$331.02$331.02$1,993.38
2nd payment$0.00$1,431.74$0.00
Taxes / mo$227.92$227.92$227.92
Insurance / mo$150.00$150.00$150.00
MI / mo$56.55$56.55$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$765.49$2,197.24$2,429.80
Cash to close$254,189$32,500$32,500