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$356,620$356,620$490,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$133,880$0
Funding fee$0$0$0
Note rate2.750%2.750%7.240%
Blended rate3.600%4.801%7.480%
1st payment$1,668.50$1,668.50$3,342.75
2nd payment$0.00$892.53$0.00
Taxes / mo$244.42$244.42$244.42
Insurance / mo$166.67$166.67$166.67
MI / mo$289.50$289.50$98.10
HOA / mo$90.00$90.00$90.00
Total monthly$2,459.08$3,351.62$3,941.93
Cash to close$188,380$54,500$54,500