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$280,152$280,152$467,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$186,948$0
Funding fee$0$0$0
Note rate2.730%2.730%7.240%
Blended rate3.580%5.349%7.480%
1st payment$1,304.76$1,304.76$3,183.28
2nd payment$0.00$1,246.32$0.00
Taxes / mo$220.00$220.00$220.00
Insurance / mo$166.67$166.67$166.67
MI / mo$226.98$226.98$93.42
HOA / mo$28.00$28.00$28.00
Total monthly$1,946.40$3,192.72$3,691.36
Cash to close$238,848$51,900$51,900