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$10,351$10,351$237,510
Remaining term (yrs)2.02.030.0
Secondary amount$0$227,159$0
Funding fee$0$0$0
Note rate6.490%6.490%7.240%
Blended rate7.340%7.732%7.480%
1st payment$443.80$443.80$1,618.63
2nd payment$0.00$1,467.07$0.00
Taxes / mo$210.17$210.17$210.17
Insurance / mo$150.00$150.00$150.00
MI / mo$49.79$49.79$47.50
HOA / mo$225.00$225.00$225.00
Total monthly$1,078.75$2,545.82$2,251.29
Cash to close$253,549$26,390$26,390