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$248,402$248,402$260,820
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,908$0
Funding fee$0$0$0
Note rate6.35%6.35%7.24%
Blended rate6.9%7.386%7.48%
1st payment$1,583.25$1,583.25$1,777.48
2nd payment$0.00$266.28$0.00
Taxes / mo$134.50$134.50$134.50
Insurance / mo$150.00$150.00$150.00
MI / mo$116.62$116.62$52.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,984.37$2,250.65$2,114.15
Cash to close$41,398$14,490$28,980