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$141,235$141,235$215,936
Remaining term (yrs)26.526.530.0
Secondary amount$0$74,701$0
Funding fee$0$0$0
Note rate6.32%6.32%7.24%
Blended rate6.87%7.607%7.48%
1st payment$915.14$915.14$1,471.60
2nd payment$0.00$560.26$0.00
Taxes / mo$38.67$38.67$38.67
Insurance / mo$150.00$150.00$150.00
MI / mo$67.62$67.62$43.19
HOA / mo$16.67$16.67$16.67
Total monthly$1,188.10$1,748.35$1,720.12
Cash to close$98,694$23,993$23,993