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$113,406$113,406$629,910
Remaining term (yrs)6.46.430.0
Secondary amount$0$516,504$0
Funding fee$0$0$0
Note rate3.9%3.9%7.24%
Blended rate4.75%7.21%7.48%
1st payment$1,648.33$1,648.33$4,292.82
2nd payment$0.00$3,335.76$0.00
Taxes / mo$109.00$109.00$109.00
Insurance / mo$166.67$166.67$166.67
MI / mo$158.92$158.92$125.98
HOA / mo$4.17$4.17$4.17
Total monthly$2,087.09$5,422.84$4,698.64
Cash to close$586,494$69,990$69,990