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$118,679$118,679$198,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$79,321$0
Funding fee$0$0$0
Note rate3.65%3.65%7.24%
Blended rate4.5%6.303%7.48%
1st payment$628.84$628.84$1,349.37
2nd payment$0.00$594.91$0.00
Taxes / mo$148.08$148.08$148.08
Insurance / mo$150.00$150.00$150.00
MI / mo$97.37$97.37$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,024.30$1,619.21$1,687.05
Cash to close$101,321$22,000$22,000