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$332,227$332,227$342,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$28,773$0
Funding fee$0$0$0
Note rate6.09%6.09%7.24%
Blended rate6.64%7.057%7.48%
1st payment$2,110.07$2,110.07$2,330.72
2nd payment$0.00$284.74$0.00
Taxes / mo$171.83$171.83$171.83
Insurance / mo$150.00$150.00$150.00
MI / mo$159.76$159.76$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,591.66$2,876.40$2,720.96
Cash to close$47,773$19,000$38,000