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$228,598$228,598$252,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$37,402$0
Funding fee$0$0$0
Note rate5.110%5.110%7.240%
Blended rate5.960%6.792%7.480%
1st payment$1,333.76$1,333.76$1,717.38
2nd payment$0.00$370.12$0.00
Taxes / mo$173.17$173.17$173.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,830.73$2,200.86$2,090.94
Cash to close$51,402$14,000$28,000