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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$262,286$262,286$360,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$97,714$0
Funding fee$1,311$1,311$0
Note rate3.150%3.150%7.240%
Blended rate3.150%4.738%7.480%
1st payment$1,302.10$1,302.10$2,453.39
2nd payment$0.00$732.86$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$202.00$202.00$202.00
Total monthly$1,987.44$2,720.29$3,210.73
Cash to close$137,714$40,000$40,000