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$238,251$238,251$382,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$144,249$0
Funding fee$0$0$0
Note rate2.97%2.97%7.24%
Blended rate3.82%5.396%7.48%
1st payment$1,174.72$1,174.72$2,606.73
2nd payment$0.00$961.66$0.00
Taxes / mo$303.08$303.08$303.08
Insurance / mo$150.00$150.00$150.00
MI / mo$193.97$193.97$76.50
HOA / mo$25.00$25.00$25.00
Total monthly$1,846.77$2,808.43$3,161.31
Cash to close$186,749$42,500$42,500