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$159,362$159,362$269,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$109,738$0
Funding fee$0$0$0
Note rate5.7%5.7%7.24%
Blended rate6.55%7.141%7.48%
1st payment$983.27$983.27$1,833.91
2nd payment$0.00$731.58$0.00
Taxes / mo$77.75$77.75$77.75
Insurance / mo$150.00$150.00$150.00
MI / mo$120.00$120.00$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,331.02$2,062.61$2,115.48
Cash to close$139,638$29,900$29,900