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$115,579$115,579$247,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$131,921$0
Funding fee$0$0$0
Note rate4.53%4.53%7.24%
Blended rate5.38%6.777%7.48%
1st payment$715.09$715.09$1,686.71
2nd payment$0.00$879.48$0.00
Taxes / mo$164.00$164.00$164.00
Insurance / mo$150.00$150.00$150.00
MI / mo$98.02$98.02$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,127.11$2,006.59$2,050.21
Cash to close$159,421$27,500$27,500