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$229,914$229,914$261,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$31,086$0
Funding fee$0$0$0
Note rate6.96%6.96%7.24%
Blended rate7.51%7.687%7.48%
1st payment$1,577.05$1,577.05$1,778.71
2nd payment$0.00$233.15$0.00
Taxes / mo$122.92$122.92$122.92
Insurance / mo$150.00$150.00$150.00
MI / mo$109.08$109.08$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,959.05$2,192.20$2,103.83
Cash to close$60,086$29,000$29,000