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$82,391$82,391$279,000
Remaining term (yrs)18.018.030.0
Secondary amount$0$196,609$0
Funding fee$0$0$0
Note rate4.200%4.200%7.240%
Blended rate5.050%7.129%7.480%
1st payment$542.58$542.58$1,901.38
2nd payment$0.00$1,310.73$0.00
Taxes / mo$100.08$100.08$100.08
Insurance / mo$150.00$150.00$150.00
MI / mo$78.59$78.59$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$871.25$2,181.98$2,207.26
Cash to close$227,609$31,000$31,000