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$55,282$55,282$229,500
Remaining term (yrs)9.59.530.0
Secondary amount$0$174,218$0
Funding fee$0$0$0
Note rate6.24%6.24%7.24%
Blended rate7.09%7.781%7.48%
1st payment$639.90$639.90$1,564.04
2nd payment$0.00$1,161.45$0.00
Taxes / mo$42.58$42.58$42.58
Insurance / mo$150.00$150.00$150.00
MI / mo$73.69$73.69$45.90
HOA / mo$175.00$175.00$175.00
Total monthly$1,081.17$2,242.63$1,977.52
Cash to close$199,718$25,500$25,500