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$140,410$140,410$355,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$215,090$0
Funding fee$0$0$0
Note rate3.300%3.300%7.240%
Blended rate4.150%6.328%7.480%
1st payment$712.99$712.99$2,422.73
2nd payment$0.00$1,389.12$0.00
Taxes / mo$170.17$170.17$170.17
Insurance / mo$150.00$150.00$150.00
MI / mo$115.32$115.32$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,148.47$2,537.60$2,813.99
Cash to close$254,590$39,500$39,500