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$287,591$287,591$297,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$25,909$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.449%7.480%
1st payment$1,898.47$1,898.47$2,024.05
2nd payment$0.00$256.39$0.00
Taxes / mo$195.08$195.08$195.08
Insurance / mo$150.00$150.00$150.00
MI / mo$137.66$137.66$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,381.21$2,637.61$2,428.53
Cash to close$42,409$16,500$33,000