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$306,742$306,742$337,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$30,758$0
Funding fee$0$0$0
Note rate6.35%6.35%7.24%
Blended rate6.9%7.091%7.48%
1st payment$1,955.09$1,955.09$2,300.06
2nd payment$0.00$230.69$0.00
Taxes / mo$80.67$80.67$80.67
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,329.77$2,560.45$2,598.22
Cash to close$68,258$37,500$37,500