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$7,323$7,323$283,500
Remaining term (yrs)2.32.330.0
Secondary amount$0$276,177$0
Funding fee$0$0$0
Note rate6.830%6.830%7.240%
Blended rate7.680%7.748%7.480%
1st payment$274.65$274.65$1,932.05
2nd payment$0.00$1,783.64$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$29.75$29.75$56.70
HOA / mo$471.00$471.00$471.00
Total monthly$1,187.90$2,971.54$2,872.25
Cash to close$307,677$31,500$31,500