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$188,759$188,759$343,800
Remaining term (yrs)24.724.730.0
Secondary amount$0$155,041$0
Funding fee$0$0$0
Note rate2.900%2.900%7.240%
Blended rate3.750%5.667%7.480%
1st payment$889.38$889.38$2,342.99
2nd payment$0.00$1,033.61$0.00
Taxes / mo$231.75$231.75$231.75
Insurance / mo$150.00$150.00$150.00
MI / mo$151.35$151.35$68.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,422.48$2,456.09$2,793.50
Cash to close$193,241$38,200$38,200