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$320,519$320,519$364,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$43,981$0
Funding fee$0$0$0
Note rate6.650%6.650%7.240%
Blended rate7.200%7.417%7.480%
1st payment$2,090.24$2,090.24$2,484.06
2nd payment$0.00$329.86$0.00
Taxes / mo$211.00$211.00$211.00
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,600.47$2,930.33$2,917.96
Cash to close$84,481$40,500$40,500