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$425,510$425,510$525,996
Remaining term (yrs)25.925.930.0
Secondary amount$0$100,486$0
Funding fee$0$0$0
Note rate5.550%5.550%7.240%
Blended rate6.400%6.706%7.480%
1st payment$2,579.29$2,579.29$3,584.65
2nd payment$0.00$669.90$0.00
Taxes / mo$320.25$320.25$320.25
Insurance / mo$166.67$166.67$166.67
MI / mo$320.00$320.00$105.20
HOA / mo$45.42$45.42$45.42
Total monthly$3,431.63$4,101.54$4,222.19
Cash to close$158,930$58,444$58,444