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$181,875$181,875$265,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$83,625$0
Funding fee$0$0$0
Note rate2.94%2.94%7.24%
Blended rate3.79%5.431%7.48%
1st payment$862.67$862.67$1,809.38
2nd payment$0.00$627.19$0.00
Taxes / mo$60.92$60.92$60.92
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,219.64$1,846.83$2,073.39
Cash to close$113,125$29,500$29,500