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$268,701$268,701$292,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$40,049$0
Funding fee$0$0$0
Note rate3.11%3.11%7.24%
Blended rate3.96%4.987%7.48%
1st payment$1,281.20$1,281.20$1,993.38
2nd payment$0.00$396.32$0.00
Taxes / mo$107.42$107.42$107.42
Insurance / mo$150.00$150.00$150.00
MI / mo$212.25$212.25$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,750.87$2,147.18$2,309.30
Cash to close$56,299$16,250$32,500