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$123,788$123,788$166,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$42,712$0
Funding fee$0$0$0
Note rate5.230%5.230%7.240%
Blended rate6.080%6.829%7.480%
1st payment$728.79$728.79$1,134.69
2nd payment$0.00$320.34$0.00
Taxes / mo$55.67$55.67$55.67
Insurance / mo$150.00$150.00$150.00
MI / mo$93.69$93.69$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,028.15$1,348.49$1,373.66
Cash to close$61,212$18,500$18,500