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$224,891$224,891$413,910
Remaining term (yrs)20.720.730.0
Secondary amount$0$189,019$0
Funding fee$0$0$0
Note rate3.94%3.94%7.24%
Blended rate4.79%6.256%7.48%
1st payment$1,323.53$1,323.53$2,820.79
2nd payment$0.00$1,260.12$0.00
Taxes / mo$274.67$274.67$274.67
Insurance / mo$166.67$166.67$166.67
MI / mo$197.80$197.80$82.78
HOA / mo$119.00$119.00$119.00
Total monthly$2,081.67$3,341.79$3,463.90
Cash to close$235,009$45,990$45,990