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$194,742$194,742$427,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$232,758$0
Funding fee$0$0$0
Note rate3.280%3.280%7.240%
Blended rate4.130%6.101%7.480%
1st payment$982.28$982.28$2,913.40
2nd payment$0.00$1,503.23$0.00
Taxes / mo$134.42$134.42$134.42
Insurance / mo$166.67$166.67$166.67
MI / mo$159.27$159.27$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,442.63$2,945.86$3,299.99
Cash to close$280,258$47,500$47,500