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$249,082$249,082$295,200
Remaining term (yrs)23.723.730.0
Secondary amount$0$46,118$0
Funding fee$0$0$0
Note rate6.5%6.5%7.24%
Blended rate7.05%7.355%7.48%
1st payment$1,717.56$1,717.56$2,011.78
2nd payment$0.00$345.89$0.00
Taxes / mo$66.58$66.58$66.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.59$116.59$59.04
HOA / mo$0.00$0.00$0.00
Total monthly$2,050.73$2,396.62$2,287.41
Cash to close$78,918$32,800$32,800