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$271,644$271,644$341,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$70,266$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.451%7.48%
1st payment$1,755.74$1,755.74$2,330.11
2nd payment$0.00$527.00$0.00
Taxes / mo$116.00$116.00$116.00
Insurance / mo$150.00$150.00$150.00
MI / mo$127.31$127.31$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,149.05$2,676.05$2,664.49
Cash to close$108,256$37,990$37,990