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$287,605$287,605$324,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$36,395$0
Funding fee$0$0$0
Note rate6.310%6.310%7.240%
Blended rate7.160%7.367%7.480%
1st payment$1,868.58$1,868.58$2,208.05
2nd payment$0.00$272.97$0.00
Taxes / mo$146.25$146.25$146.25
Insurance / mo$150.00$150.00$150.00
MI / mo$213.61$213.61$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,378.44$2,651.40$2,569.10
Cash to close$72,395$36,000$36,000