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$176,857$176,857$288,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$111,143$0
Funding fee$0$0$0
Note rate6.900%6.900%7.240%
Blended rate7.450%7.662%7.480%
1st payment$1,206.23$1,206.23$1,962.71
2nd payment$0.00$740.95$0.00
Taxes / mo$143.83$143.83$143.83
Insurance / mo$150.00$150.00$150.00
MI / mo$83.94$83.94$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,584.00$2,324.96$2,314.15
Cash to close$143,143$32,000$32,000