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$298,574$298,574$328,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$29,926$0
Funding fee$0$0$0
Note rate6.39%6.39%7.24%
Blended rate6.94%7.128%7.48%
1st payment$1,945.51$1,945.51$2,238.72
2nd payment$0.00$224.44$0.00
Taxes / mo$160.50$160.50$160.50
Insurance / mo$150.00$150.00$150.00
MI / mo$142.70$142.70$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.71$2,623.15$2,614.92
Cash to close$66,426$36,500$36,500