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$200,473$200,473$225,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$37,027$0
Funding fee$0$0$0
Note rate7.090%7.090%7.240%
Blended rate7.640%8.300%7.480%
1st payment$1,390.66$1,390.66$1,533.37
2nd payment$0.00$366.42$0.00
Taxes / mo$161.25$161.25$161.25
Insurance / mo$150.00$150.00$150.00
MI / mo$94.94$94.94$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,796.85$2,163.27$1,889.62
Cash to close$49,527$12,500$25,000