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$231,676$231,676$360,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$128,324$0
Funding fee$0$0$0
Note rate3.230%3.230%7.240%
Blended rate4.080%5.477%7.480%
1st payment$1,159.81$1,159.81$2,453.39
2nd payment$0.00$855.49$0.00
Taxes / mo$157.33$157.33$157.33
Insurance / mo$150.00$150.00$150.00
MI / mo$189.25$189.25$72.00
HOA / mo$47.00$47.00$47.00
Total monthly$1,703.39$2,558.89$2,879.73
Cash to close$168,324$40,000$40,000