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$144,684$144,684$449,910
Remaining term (yrs)16.316.330.0
Secondary amount$0$305,226$0
Funding fee$0$0$0
Note rate3.350%3.350%7.240%
Blended rate4.200%6.608%7.480%
1st payment$955.81$955.81$3,066.13
2nd payment$0.00$1,971.25$0.00
Taxes / mo$395.92$395.92$395.92
Insurance / mo$166.67$166.67$166.67
MI / mo$153.62$153.62$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,672.02$3,643.27$3,718.69
Cash to close$355,216$49,990$49,990