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$251,949$251,949$292,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$40,551$0
Funding fee$0$0$0
Note rate7.57%7.57%7.24%
Blended rate8.12%8.242%7.48%
1st payment$1,867.13$1,867.13$1,993.38
2nd payment$0.00$304.14$0.00
Taxes / mo$88.50$88.50$88.50
Insurance / mo$150.00$150.00$150.00
MI / mo$119.26$119.26$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,224.89$2,529.02$2,290.38
Cash to close$73,051$32,500$32,500