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$44,791$44,791$243,000
Remaining term (yrs)7.57.530.0
Secondary amount$0$198,209$0
Funding fee$0$0$0
Note rate5.88%5.88%7.24%
Blended rate6.73%7.766%7.48%
1st payment$611.26$611.26$1,656.04
2nd payment$0.00$1,321.39$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$73.16$73.16$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,013.59$2,334.98$2,033.81
Cash to close$225,209$27,000$27,000