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$294,183$294,183$307,800
Remaining term (yrs)26.726.730.0
Secondary amount$0$30,717$0
Funding fee$0$0$0
Note rate6.710%6.710%7.240%
Blended rate7.260%7.696%7.480%
1st payment$1,972.49$1,972.49$2,097.65
2nd payment$0.00$303.97$0.00
Taxes / mo$101.50$101.50$101.50
Insurance / mo$150.00$150.00$150.00
MI / mo$139.96$139.96$61.56
HOA / mo$0.00$0.00$0.00
Total monthly$2,363.95$2,667.93$2,410.71
Cash to close$47,817$17,100$34,200