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$54,026$54,026$179,999
Remaining term (yrs)10.510.530.0
Secondary amount$0$125,973$0
Funding fee$0$0$0
Note rate6.18%6.18%7.24%
Blended rate7.03%7.709%7.48%
1st payment$580.64$580.64$1,226.69
2nd payment$0.00$839.82$0.00
Taxes / mo$96.25$96.25$96.25
Insurance / mo$150.00$150.00$150.00
MI / mo$67.29$67.29$36.00
HOA / mo$375.00$375.00$375.00
Total monthly$1,269.18$2,109.00$1,883.94
Cash to close$145,973$20,000$20,000