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$83,886$83,886$346,500
Remaining term (yrs)14.514.530.0
Secondary amount$0$262,614$0
Funding fee$0$0$0
Note rate4.88%4.88%7.24%
Blended rate5.73%7.261%7.48%
1st payment$670.91$670.91$2,361.39
2nd payment$0.00$1,696.05$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$150.00$150.00$150.00
MI / mo$89.75$89.75$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,033.49$2,729.54$2,703.52
Cash to close$301,114$38,500$38,500