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$99,385$99,385$202,500
Remaining term (yrs)18.318.330.0
Secondary amount$0$103,115$0
Funding fee$0$0$0
Note rate3.590%3.590%7.240%
Blended rate4.440%6.253%7.480%
1st payment$615.28$615.28$1,380.03
2nd payment$0.00$687.43$0.00
Taxes / mo$285.58$285.58$285.58
Insurance / mo$150.00$150.00$150.00
MI / mo$95.98$95.98$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,146.85$1,834.28$1,856.12
Cash to close$125,615$22,500$22,500