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$211,896$211,896$256,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$44,604$0
Funding fee$0$0$0
Note rate2.96%2.96%7.24%
Blended rate3.81%4.713%7.48%
1st payment$1,009.57$1,009.57$1,748.04
2nd payment$0.00$334.53$0.00
Taxes / mo$120.08$120.08$120.08
Insurance / mo$150.00$150.00$150.00
MI / mo$170.49$170.49$51.30
HOA / mo$55.00$55.00$55.00
Total monthly$1,505.14$1,839.67$2,124.43
Cash to close$73,104$28,500$28,500