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$429,020$429,020$463,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$34,480$0
Funding fee$0$0$0
Note rate6.720%6.720%7.240%
Blended rate7.270%7.399%7.480%
1st payment$2,809.40$2,809.40$3,158.74
2nd payment$0.00$258.60$0.00
Taxes / mo$223.50$223.50$223.50
Insurance / mo$166.67$166.67$166.67
MI / mo$199.14$199.14$92.70
HOA / mo$10.00$10.00$10.00
Total monthly$3,408.70$3,667.30$3,651.61
Cash to close$85,980$51,500$51,500